• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

LA considers emergency rent relief program

Nury Martinez
Nury Martinez

Los Angeles is now considering bringing back a citywide program that helps vulnerable residents cover their rent.

Under the measure, the City Council would cover a portion of the rent for three months, according to the Los Angeles Times. The moves comes as California — and much of the nation — remains under stay-at-home orders, with nonessential businesses forced to close because of the coronavirus pandemic.

Council President Nury Martinez and Councilmember Herb Wesson introduced the measure to allocate funds for the program, the Times reported. The “emergency renters relief” program was created late last year, after L.A. officials received complaints from renters that their landlords were hiking rents before a statewide rent cap law could take effect. The Council also barred rent increases https://therealdeal.com/la/2019/10/22/la-halts-evictions-landlords-sent-amid-rent-control-law/ leading up to day the California rent law took effect, on Jan. 1.

Under the current emergency bill, Martinez would contribute $1 million of her discretionary funds, while Wesson would contribute $150,000. The rest would come from the city housing department.
To help soften the economic blow from the pandemic, city and state officials have over the last month provided L.A. renters with a number of protections.

Both residential and commercial evictions are barred for a year, though landlords have still demanded rent and have tried to get renters to sign restrictive payment plans, according to reports.

The Council has also taken up a handful of other measures meant to help residents, many of whom have been laid off. Wesson and Martinez want to use federal stimulus money for a jobs program. Once the stay-at-home order gets lifted, the city would employ people on infrastructure projects, for park improvements and affordable housing construction, among others. [LAT] — Dennis Lynch

The post LA considers emergency rent relief program appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 08 April 2020
  • The Real Deal
  • Uncategorized
  •  Like
Not so fast, vultures: Multifamily among better “food groups” poised to weather pandemic →← A quarter of Prologis’ tenants request a break on rent. Most won’t get it
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM