California Governor signs bill for $2.6B in funds for unpaid rent

[Kyle J.]

Gov. Gavin Newsom today signed a bill that will use $2.6 billion in federal funds to pay landlords up to 80% of rent owed by qualifying tenants with COVID-19 financial hardships.

Read the story here: https://caanet.org/gov-newsom-signs-bill-with-2-6-billion-in-federal-funds-for-unpaid-rent/

Perhaps this can help some of you California landlords with tenants who haven't been paying their rent.

It's not a perfect solution, but at least the payments go directly to the landlords (unlike the stimulus checks).

Note that there is a deadline mentioned of February 28th to provide a specific Informational Notice to their tenants who are behind on rent as of February 1st (there's a link to this Informational Notice in the linked story).

Here's another story on this new law with some more info: https://sftu.org/2021/01/29/senate-bill-91-eviction-protection-and-debt-relief/