California to pay off all Past Due Rent Accrued During COVID, Giving Renters Clean Slate

California is paying off residents' past due rent that was accrued during the COVID-19 pandemic, giving renters a clean slate, Gov. Gavin Newsom announced recently.

The state's $5.2 billion in funds from Congressionally-approved aid packages is enough to pay off overdue rent, according to Newsom's senior counselor on housing and homelessness, Jason Elliott, the Associated Press reported. However, just $32 million out of $490 million in requests for rental assistance through May 31 have been covered so far, according to a California Department Housing and Community Development report.

"We should do our best to get back to the starting point where we were in December of 2019. Anything other than that is taking advantage of a crisis," said Keith Becker, a property manager in Sonoma County. He revealed that 14 tenants have not paid $100,000 worth of rent.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

🔔Join this channel to get access to perks 👇
https://www.youtube.com/channel/UCHm8vWol8eNjTJZSjq2jaLQ/join

-------------------------------------------------------------------------------------------------------
🔥🔥 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕 🔥🔥

►💎iTUNES
https://apple.co/2MkFziJ

►💎SPOTIFY
https://spoti.fi/2Dh8EoL

►💎STICHER
https://bit.ly/2FDK0QC

►🏡JOIN SUMMIT PROPERTIES NW
Website: https://summitpropertiesnw.com/career/
High 80/20 Split, Zero Fees, and a Low $10,000 Cap!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

✔ SUBSCRIBE 📣HIT BELL! ✔LIKE ✔COMMENT

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
★ REACH OUT TO ME ★

►✅Follow Us - Facebook: https://facebook.com/summitpropertiesnw/

►✅Follow Us - Instagram: https://instagram.com/summitpropertiesnw/

►✅Follow Us - LinkedIn: https://linkedin.com/company/summit-properties-nw-llc/

►✅Email Us - sean@seattlerealestatepodcast.com

#SeattleRealEstate #HousingMarket #Podcast