Beverly Hills OKs $1M Rent Subsidy Program

Beverly Hills tenants who have been affected by COVID–19 may find relief in a new city rent subsidy program. First proposed two years ago as a general subsidy for rent-burdened tenants, the refashioned program is scoped-down in reach but scaled-up in benefit. City council at its September 15th meeting agreed to throw as much as $1 million toward rent-relief program to provide $1,000 for at least three months to tenants affected by COVID–19 measures. While tenants seeking relief will likely have to wait a month to get it, we do know something about program particulars.

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Qualified Tenant Subsidy: Help When the Rent Is Too Damned High

One of the ideas to emerge from the City Council’s rent stabilization discussion concerns a ‘qualified tenant’ benefit. Those who pay too much in household income for rent could find relief from the city. An estimated 400 households could qualify under the program. The objective: to cushion rent increases with a cash subsidy. Councilmember Bob Wunderlich proposed to target rent stabilization protections to tenants “who really need it.” What’s it all about?

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