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19 April 2020 | 7 replies
They are as follows:Requirements – Landlords who receive relief funds through the HUD program must agree to the following fair renting terms for a period of 5 years: i. a rent freeze; ii. just-cause evictions; iii. mandatory documentation with any just-cause eviction; iv. no source of income discrimination; v. coordination with local housing authorities to make new vacancies eligible to voucher holders; vi. provision of 10 percent equity to tenants; and, vii. no admissions restrictions on the basis of: 1.
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23 April 2020 | 15 replies
I go to make my move and purchase properties, and the lender closes/freezes my HELOC due to the economic conditions.
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19 April 2020 | 1 reply
The guidelines, which can also be found in the text here, are:i. a rent freeze;ii. just-cause evictions;iii. mandatory documentation with any just-cause eviction;iv. no source of income discrimination;v. coordination with local housing authorities to make new vacancies eligibleto voucher holders;vi. provision of 10 percent equity to tenants; and,vii. no admissions restrictions on the basis of:1. sexual identity or orientation,2. gender identity or expression,3. conviction or arrest record,4. credit history, or5. immigration status.viii.
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21 April 2020 | 2 replies
Apparently, we can get some kind of a fund to cover that but you have to freeze monthly rent for 5 years.
23 April 2020 | 15 replies
This will be determined by assets, revenues, disclosure requirements, and profit status with respect to lessors.If any lessor is caught violating the requirements of the 5-year freeze period, HUD will recapture all assistance funds provided to the lessor.
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21 April 2020 | 1 reply
It started out saying they wanted to inform me (as a participating landlord) of their funding status and ask for my cooperation in freezing rent increases.
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23 June 2020 | 10 replies
Working with many of the National Associations that we are members, we have been advised of the following issue that would drastically affect your income, far beyond the existing rent control or the freeze on all evictions.
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25 April 2020 | 15 replies
But freezing rents and mortgages affects literally everyone, even if they aren't furloughed or sick.
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25 April 2020 | 6 replies
Forbearance will freeze the market for 6 months and after the summer we will see it come like a wave let’s remember forbearance will require a ballon payment of the missed payment.
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28 April 2020 | 24 replies
I also think you need to make the outside more appealing with some flowers (now that it stopped freezing).