Governor Provides Details on Fed's Rental Assistance Program » Mortgage Masters Group
24513
post-template-default,single,single-post,postid-24513,single-format-standard,bridge-core-1.0.5,qode-page-transition-enabled,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-24.7,qode-theme-bridge,wpb-js-composer js-comp-ver-6.5.0,vc_responsive

Governor Provides Details on Fed’s Rental Assistance Program

Graphic representing rental assistance program and showing the words need help paying rent

Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Fla. will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”

TALLAHASSEE, Fla. – Florida Governor Ron DeSantis announced Florida submitted confirmation to the United States Department of the Treasury that it will take part in the Emergency Rental Assistance Program established under federal COVID-19 relief legislation signed into law on Dec. 27, 2020.

The program provides $1.4 billion in emergency rental assistance to Floridians, of which the state will receive and distribute about 60% (more than $850 million), according to DeSantis in a release. However, final allocations haven’t been released yet, and the amount remains an estimate.

The rest of the anticipated money (about $550 million) will be distributed directly by cities and counties with a population of 200,000 and greater, with the funds sent directly to them from the U.S. Department of the Treasury.

According to DeSantis, the following criteria applies for those requesting assistance:

      • Qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19.
      • Demonstrates a risk of experiencing homelessness or housing instability.
      • Has a household income at or below 80 percent of the area median income, with priority given to households below 50 percent of the area median income.

 

The governor expects fund disbursement under the Emergency Rental Assistance Program to occur in the coming weeks. He says additional information will be released after the federal government provides more guidance.

For more information about the Emergency Rental Assistance Program, visit the U.S. Department of the Treasury’s website.

© 2021 Florida Realtors®



CALL NOW 772-340-4003

Port St Lucie Mortgages, VA Home Loans & Mortgage Refinancing throughout the Treasure Coast and all of Florida

Port Saint Lucie • Fort Pierce • Sebastian • Stuart • Vero Beach • Sewall's Point • Palm City • Jensen Beach • Hobe Sound • Lakewood Park • Port Salerno • Fort Pierce South • White City • North River Shores • & serving all the great state of Florida

Palm Beach Mortgages, VA Home Loans & Mortgage Refinancing throughout Palm Beach County and all of Florida

West Palm Beach • Boca Raton • Boynton Beach • Delray Beach • Wellington • Jupiter • Palm Beach Gardens • Greenacres • Lake Worth • Royal Palm Beach • Riviera Beach • Palm Springs • Belle Glade • North Palm Beach • Lantana • Palm Beach • Lake Park • Pahokee • Tequesta • South Bay • & serving all the great state of Florida

Broward Mortgages, VA Home Loans & Mortgage Refinancing throughout Broward County and all of Florida

Fort Lauderdale • Pembroke Pines • Hollywood • Miramar • Coral Springs • Pompano Beach • Davie • Plantation • Sunrise • Deerfield Beach • Lauderhill • Weston • Tamarac • Margate • Coconut Creek • Oakland Park • North Lauderdale • Hallandale Beach • Lauderdale Lakes • Dania Beach • & serving all the great state of Florida

Miami Mortgages, VA Home Loans & Mortgage Refinancing throughout Miami-Dade County and all of Florida

Miami • Hialeah • Miami Gardens • Miami Beach • Homestead • North Miami • Coral Gables • Doral • North Miami Beach • Cutler Bay • Aventura • Miami Lakes • Palmetto Bay • Hialeah Gardens • Sunny Isles Beach • Pinecrest • Opa-locka • Miami Springs • Sweetwater • Key Biscayne • & serving all the great state of Florida

Florida Mortgages, VA Home Loans & Mortgage Refinancing throughout all the great state of Florida

Jacksonville • Tampa • St. Petersburg • Orlando • Tallahassee • Cape Coral • Gainesville • Clearwater • Lakeland • Deltona • Largo • Melbourne • Fort Myers • Daytona Beach • Kissimmee • North Port • Ocala • Port Orange • Sanford • Pensacola • & serving all the great state of Florida