Real Estate

Rental assistance in new Covid relief plan is not enough, experts warn

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The $900 billion economic relief plan in Congress carves out a slice for renters and landlords, but some economists and industry experts claim it is not even close to enough.

The eviction crisis still looms large, as renters owe billions in back rent, and landlords are struggling to make their own payments on the homes and apartment buildings.

According to summaries issued by lawmakers, it will provide $25 billion in rental assistance to states and local governments through the Coronavirus Relief Fund. The funds can be used for payment of rent, rent arrears, utilities and home energy costs, as well those arrears.

“It will be channeled through the states. The states are much better…



Source cnbc.com

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