The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO, a member of GREA.
Friday, April 24, 2020
National League of Cities Recommends Local and Federal Rental Assistance
The National League of Cities published an article by staffers Lauren Lowery and Natasha Leonard, who argue that cities should establish rental assistance programs for renters impacted by the COVID-19 pandemic. They suggest that cities use some of the increased funding from the CARES act that is being directed to Community Development Block Grants and Emergency Services Grants in order to fund rental assistance programs. Lowery and Leonard warn that without this assistance, low income and other vulnerable renters could face an "eviction cliff" once emergency orders are lifted. Hillsboro, OR is mentioned in the article as a city that has already allocated some funding to rental assistance - $100,000 of the Washington County city's $1.1 million crisis funding package is dedicated to helping renters. Read more.
Labels:
#caresact,
#covid-19,
#Hillsboro,
#Portland,
#rent,
#rentalassistance
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