rent

So where’s the $25 billion in rental relief approved in the last COVID-19 relief package?

Property owners unable to collect rent are struggling to pay their own bills.

Even though hundreds of millions in aid from the CARES Act went unspent.

Even if someone manages to avoid or recover from an eviction, unpaid rent can have a damaging effect that lasts for years.

The lowest-income households were more likely to lose wages and fall behind on rent.

Nearly two-thirds of renters fear being unable to pay.

The moratorium offers the broadest protection yet to renters who are struggling because of COVID-19.

But the flight to the suburbs may be overblown.

When tenants can’t pay, their landlords may be forced to sell or face foreclosure.

In Los Angeles, more than 220,000 people applied to the city’s rent relief fund, but there is only enough money to help 50,000 people.