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California considers sweeping relief for renters, landlords

California considers sweeping relief for renters, landlords

4 years ago
Anonymous $-9GJQVHNr8

https://www.mercurynews.com/2020/05/12/california-considers-sweeping-relief-for-renters-landlords/

In two ambitious proposals to help the state recover from the coronavirus, California senate leaders on Tuesday unveiled bold new plans to provide long-term aid for struggling renters and landlords and create a $25 billion economic recovery fund.

The housing proposal would allow landlords to receive tax credits for rent payments missed by their tenants, in exchange for promising to halt evictions. Tenants would be able to repay the state over 10 years for missed rent under the voluntary program.

California considers sweeping relief for renters, landlords

May 13, 2020, 12:15am UTC
https://www.mercurynews.com/2020/05/12/california-considers-sweeping-relief-for-renters-landlords/ > In two ambitious proposals to help the state recover from the coronavirus, California senate leaders on Tuesday unveiled bold new plans to provide long-term aid for struggling renters and landlords and create a $25 billion economic recovery fund. > The housing proposal would allow landlords to receive tax credits for rent payments missed by their tenants, in exchange for promising to halt evictions. Tenants would be able to repay the state over 10 years for missed rent under the voluntary program.