Tuesday, June 22, 2021

NO EVICTIONS!

California to pay off unpaid rent accrued during COVID-19 pandemic




Ivana Saric
Mon, June 21, 2021

California will pay off the accumulated unpaid rent that has piled up during the COVID-19 pandemic, the AP reports.

Why it matters: The move would fulfill a promise to landlords to help them to break even, while giving renters relief, the AP writes.

Get market news worthy of your time with Axios Markets. Subscribe for free.


The big picture: A little over 2% of people in California who have applied for rent relief during the pandemic have received it, KQED reports.


The state has accrued $5.2 billion from various federal aid packages to pay off people's rent, which should be enough to get the job done, Jason Elliott, senior counselor to Gov. Gavin Newsom (D) on housing and homelessness, told AP.


California has been slow to distribute the funds. The state has received $490 million in rental aid requests through May 31, but only $32 million has been paid out, when not including the 12 cities and 10 counties that run independent rental assistance programs, per AP.

But, but, but: State officials also haven't yet decided whether they'll extend California's eviction moratorium, which is set to expire on June 30.


Newsom and lawmakers are "meeting privately" about the issue, but there are disagreements as to how long the moratorium should last, AP reports.


Extending the moratorium would give the state enough time to distribute the funds to pay off unpaid rents, which might not be possible to do by June 30, the AP notes.

More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free



Associated Press
California weighs extending eviction protections past June

Gov. Gavin Newsom says California will pay off all the past-due rent that accumulated in the nation's most populated state because of the fallout from the coronavirus pandemic, a promise to make landlords whole while giving renters a clean slate. Left unsettled is whether California will continue to ban evictions for unpaid rent beyond June 30, a pandemic-related order that was meant to be temporary but is proving difficult to undo. Federal eviction protections also are set to expire on June 30.
1d ago.


Los Angeles Times Opinion
Editorial: Now is not the time for California's landlords to resume evictions
We shouldn't let tenants get evicted while the state sits on billions of dollars in federal rental assistance. A moratorium on evictions needs to be extended.
1d ago

No comments: