Gov. Newsom announces plan to pay rental housing providers 100% of rent owed

Written By: M&M Properties - Sacramento Property Management

May 10, 2021

Gov. Newsom today announced his intent to pay rental housing providers 100% of rent that’s gone unpaid because of COVID-19.

“This is certainly welcome news, and we applaud Gov. Newsom for his commitment to making rental housing providers whole,” said Tom Bannon, chief executive officer of CAA. “Many of our members have provided housing for more than a year without compensation. We thank the governor for understanding the difficulties that both tenants and rental property owners have endured during the pandemic.”

In a press conference this morning, Newsom announced that California will receive an additional $2.6 billion in rental assistance from the federal government. That brings California’s total federal rental aid to $5.2 billion.

Click Here to read entire CAA article: 

New round of Sacramento emergency rental assistance has arrived Click here to view article: 

 

 

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