Los Angeles – The Los Angeles City Council voted Tuesday in favor of regulations to help pay their rents to some 50,000 tenants struggling with the economic effects of the COVID-19 pandemic.
The approved motion will use the $ 100 million the city obtained through the Coronavirus Aid, Relief and Economic Security (CARES) law. Of these funds, three million will be earmarked to assist city residents who are struggling with renting their homes.
The measure, supported by Council President Nury Martinez, had been widely discussed last month after the requests for help from tenants, and restores an emergency program designed last December to support those who were already facing problems with their payments.
The program will help tenants who are unable to pay part or all of their rent due to COVID-19 and are low-income.
Once aid to applicants is approved, funds will be paid directly to homeowners.
The effort is part of the recommendations made by the Committee for a Greater LA , formed in May by the Los Angeles Legislative.
Gary Segura, analyst at the Luskin Center at the University of California, Los Angeles, who is part of the committee, highlighted in the report "Indexes d e Vulnerability of Rents ”that the first factor for high vulnerability is that tenants“ spend 50% or more of their income on housing payments. ”
Segura reported that in May at least 100,000 Angelenos were behind in payment of her leases and thousands more fell behind on her mortgage payments in the wake of the COVID-19 crisis.
A report by the Department of Housing and Community Investment indicated that the program approved today could help 50,000 households through two months of rental assistance, with $ 1,000 per month or up to $ 2,000 per household.
If the monthly rent for eligible families is less than two months, a credit will be applied to a third month of assistance.