Help can be being supplied on the federal degree for landlords and different property homeowners struggling to make their mortgage funds.
CHULA VISTA, Calif — Help is on the horizon for some Chula Vista tenants struggling to pay their hire throughout the pandemic. Tuesday night time, Chula Vista leaders handed a nearly $17 million rental reduction package deal, which will even present Chula Vista residents who’ve been impacted by the pandemic assist with paying utility payments as nicely.
“We are very thankful for the money that is coming down from both the state and the federal government, ” Chula Vista Mayor Mary Casillas Salas moments earlier than the vote was cast. Only council member John McCann abstained, on account of a battle of curiosity.
This desperately wanted assistance will present $16.8 million in state and federal funds, however comes with strict tips. To qualify for assist, renters should present documentation of monetary hardship on account of COVID-19, comparable to job loss, diminished hours at work, or a business closure.
Also, candidates should have been present on their hire previous to the beginning of the pandemic, can’t be receiving another rental subsidies, comparable to Section 8 assistance, and have to be a resident of the town of Chula Vista.
With assistance for renters now ramping up in the South Bay and all through the county, there may be additionally assist being supplied on the federal degree for landlords and different property homeowners struggling to make their mortgage funds.
“People have been impacted by the pandemic, they’ve been impacted by economic downturn,” stated White House press secretary Jen Psaki.
This consists of an estimated 10 million householders nationwide who’re behind on their mortgage funds.
Tuesday, President Biden prolonged a present ban on housing foreclosures for federally backed mortgages to June 30, which was set to finish on March 31.
The White House can be extending the enrollment window for debtors hoping to request mortgage cost forbearance, as both a pause or a discount in funds.
This reduction additionally gives a six-month extension to these debtors who had already entered into forbearance earlier than June of final year.
“It remains critical that Congress pass the American Rescue Plan to deliver more aid to struggling homeowners,” Psaki added.
For extra data on the rental assistance program in Chula Vista, click here. There, you will obtain data on how to enroll to be notified as soon as these funds can be found.