DFPI Reminder: CA’s Eviction Moratorium Expires Sept. 30

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With California’s eviction moratorium set to expire on Sept. 30, the Department of Financial Protection and Innovation (DFPI) is asking credit unions to assist all individuals impacted from COVID-19 by encouraging them to take advantage of the state’s COVID-19 Rent Relief Program to help cover expenses such as rent, utilities, and use housing protections to prevent evictions.

How can credit unions help? To assist with these efforts, credit unions are asked to communicate with their members information regarding the California COVID-19 Rent Relief program, including services covered, eligibility, and how to apply. Click below to access these materials:

For some reason if the above Dropbox archive links do not work for you, please email Lisa Quaranta, vice president of regulatory advocacy for the League.

Key highlights of the California COVID-19 Rent Relief Program include:

  • Free financial assistance is available to landlords and renters who need help with unpaid or future rent or utilities.
  • Landlords and renters are both encouraged to apply.
  • Applications will be accepted on an ongoing basis. Priority assistance will be given to income eligible households most at-risk of eviction.
  • Once an application has been successfully processed, both the landlord and renter will be notified of next steps.

For more details, click here.

U.S. Treasury: Localized Policies to Encourage Emergency Rental Assistance
This week, the U.S. Treasury Department announced seven additional emergency rental relief policies, including measures to reduce processing delays by providing even more explicit permission for grantees to rely on an applicant’s self-attestations without further documentation.

Treasury stated that new data on program performance demonstrates steady improvement in delivering Emergency Rental Assistance (ERA) to eligible households, particularly among state and local agencies that adopted the recommendations in Treasury’s prior guidance.

“Even with these improvements, many grantees need to do more to urgently accelerate efforts to prevent harmful evictions of vulnerable families,” the Treasury said in a statement. Read the news release here.

USDA Update on ‘Affordable Housing Crisis’
The U.S. Department of Agriculture (USDA) said this week it is committed to supporting tenants and owners. In addition to previous actions taken by President Joe Biden’s administration, the USDA will now offer:

  • Additional support to property owners waiting to receive the U.S. Treasury’s Emergency Rental Assistance (ERA) funds by allowing them access to reserves for operating shortfalls.
  • Financial incentives to property management agents that tap ERA to clear arrearages.
  • Increased support from USDA field staff to amplify ERA to local leaders and public housing authorities in rural communities.

You can read the news release here.

‘Feds Report Most Rental Assistance Has Still Not Gone Out’
States and localities have only distributed 11 percent of the tens of billions of dollars in federal rental assistance, the Treasury Department said this week — the latest sign the program is struggling to reach the millions of tenants at risk of eviction.

You can read the Associated Press story here.

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