Coronavirus relief may shortchange Bay Area landlords, renters

Coronavirus relief may shortchange Bay Area landlords, renters

5 years ago
Anonymous $y15ULlV7sG

https://www.siliconvalley.com/2021/01/14/coronavirus-relief-may-shortchange-bay-area-landlords-renters/

With U.S. rental assistance on the horizon for struggling landlords and tenants, Bay Area housing advocates say the region could be shortchanged in a federal distribution that favors population more than costs and number of renters.

Congress in December earmarked $25 billion for direct aid to renters and landlords, with states receiving aid based on population, and not on a more favorable formula for the high cost Bay Area that would take into account the number of renters or estimated rent owed.

Coronavirus relief may shortchange Bay Area landlords, renters

Jan 14, 2021, 2:50pm UTC
https://www.siliconvalley.com/2021/01/14/coronavirus-relief-may-shortchange-bay-area-landlords-renters/ > With U.S. rental assistance on the horizon for struggling landlords and tenants, Bay Area housing advocates say the region could be shortchanged in a federal distribution that favors population more than costs and number of renters. > Congress in December earmarked $25 billion for direct aid to renters and landlords, with states receiving aid based on population, and not on a more favorable formula for the high cost Bay Area that would take into account the number of renters or estimated rent owed.