Disir
Platinum Member
- Sep 30, 2011
- 28,003
- 9,610
- 910
Ninety percent of funds will be dedicated to providers in the affordable housing portfolio managed under the Department of Housing and Community Development and the Housing Finance Agency. Small landlords who have 20 or fewer units but are not in the city’s portfolio may apply for the remaining $1 million.
Altogether, the grants will cover at least 5,000 months of missed rent. However, more than 30,000 units across 274 properties could be eligible, according to DCHFA Interim Director Christopher Donald. If landlords were awarded the maximum-available benefit for each unit, $10 million would assist 714 households.
“This pandemic has forced an unprecedented and disproportionate financial burden on our low-income renters, through no fault of their own. By allowing housing providers to apply for assistance on behalf of tenants, we can provide swifter relief,” Bowser wrote in the press release. “The Housing Stabilization Grants will help us protect our affordable housing stock and keep residents in their homes.”
Another attempt that at least sounds beneficial at this point.
Altogether, the grants will cover at least 5,000 months of missed rent. However, more than 30,000 units across 274 properties could be eligible, according to DCHFA Interim Director Christopher Donald. If landlords were awarded the maximum-available benefit for each unit, $10 million would assist 714 households.
“This pandemic has forced an unprecedented and disproportionate financial burden on our low-income renters, through no fault of their own. By allowing housing providers to apply for assistance on behalf of tenants, we can provide swifter relief,” Bowser wrote in the press release. “The Housing Stabilization Grants will help us protect our affordable housing stock and keep residents in their homes.”
DC uses remaining CARES Act funds to help some landlords cancel back rent - Street Sense Media
Qualifying landlords will receive direct rent relief if they are willing to forgive a portion of tenants’ delinquent rent. Applications are due by Dec. 11.
www.streetsensemedia.org
Another attempt that at least sounds beneficial at this point.