Tenant Advocates Spring Into Action with a Call for Rent Relief

Renters Alliance sees the COVID-19 relief promised to taxpayers and businesses as wanting. Taxpayers get a one-time payment of $1,200 per adult and $500 per child and some who need it won’t even get it. But businesses (including apartment landlords) already get plenty of tax breaks and now they’ll get more while small landlords lose out. If tenants and landlords can agree on one thing it is that providing relief to tenants will provide relief to landlords too.

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CARES Act: An Emergency Assist From Congress for Some Landlords

Congress in March passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which extended unemployment benefits for laid-off workers and granted a ‘recovery rebate’ of $1,200 to qualified taxpayers. But there was A LOT more in that federal bag o’ treats, and many — but not all — multifamily housing owners in Beverly Hills may benefit. Let’s take a look at Washington’s largess and the multifamily housing industry’s opportunities for relief under the CARES Act of 2020.

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