Stimulus Relief For Landlords

The package includes 25 billion for rental assistance covering rent utilities and arrears through an nahb supported flexible spending program similar to the coronavirus relief fund called the emergency rental assistance program.

Stimulus relief for landlords. Funds will be available for 12 months of rent utilities and arrears with a possible three month extension. If landlords refuse the aid renters can apply and receive the funds and then pay their landlords. The 25 billion in rental assistance will be funded through the coronavirus relief fund crf and administered by the treasury dept.

But that sense of security may be short lived for many. The stimulus package agreed on by congress this week provides relief for renters worried about making ends meet as the pandemic drags on. This broad sweeping stimulus check did a lot to help many of the worst impacted as unemployment skyrocketed.

After months of negotiations lawmakers finally settled on a 900 coronavirus relief bill in late december that included a follow up round of stimulus checks more unemployment and rental. 600 stimulus check as part of the original stimulus check 1200 was given to every american. This federal relief package was designed to ensure that those using federally funded mortgages and housing are not going to be left in an impossible situation.

What is the cares act. In this article we take a look at some of the key points of the new stimulus bill and what this bill could mean for you as a landlord. Households are eligible for 12 months of assistance but may receive up to 15 months if it is.

One of the biggest initiatives that renters and landlords should be aware of at this time is the cares act.