What's Hot: Raze Application Filed For Site Of 900-Unit Development, Food Hall Along Anacostia River
A Small Landlords Trade Group Calls for Emergency Rental Assistance in DC
✉️ Want to forward this article? Click here.
One month after the Small Multifamily Owners Association (SMOA) launched in DC, the trade group is launching a campaign for emergency rental assistance.
Although DC has implemented an eviction moratorium that covers the duration of the public health emergency, the lack of rent cancellation and mounting unemployment indicate that the expiration of the moratorium will trigger a wave of proceedings. This week, SMOA sent a letter to Mayor Muriel Bowser and the DC Council advocating for an "Emergency Eviction Diversion Program" (EEDP).
Because SMOA represents owners of rental properties with four to 50 units, the organization is asking that these properties be excluded from requirements to permit payment plans with tenants. The EEDP would serve as an alternative means of rent collection and eviction prevention among landlords and tenants in these properties.
"Both landlords and tenants face uncertainty and pressure from unpaid bills and the threat of costly and timely litigation," the letter reads, requesting removal of a provision that applicants for Emergency Rental Assistance Program funds must receive an eviction notice. "Thousands of DC residents could be evicted before they ever get an appointment for emergency assistance."
In addition to ERAP, DC has deployed multiple rental assistance programs during the public health emergency. However, each program has a maximum household income for eligibility, up to 125% of area median income (AMI). There is also a program specific to residents of buildings with 50 or fewer units with incomes up to 60% of AMI.
The current state of emergency has been extended through October 9th. A recent Brookings Institution study estimated that one month of rental assistance to prevent evictions in DC would cost the city $5.2 million.
See other articles related to: eviction moratorium, evictions, landlords, rent relief, small property owners, state of emergency
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dcs-small-landlords-trade-group-calls-for-emergency-rental-assistance/17100.
Most Popular... This Week • Last 30 Days • Ever
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
The application may signal movement on the massive mixed-use project.... read »
- What Are Estate Taxes and How Do They Work?
- How An Unmarried Couple Buys a Home Together
- The Cliffs in McLean Sells For $25.5 Million, Highest Home Sale In DC Area In Years
- 110-Unit Condo Project Planned in Alexandria Coming Into Focus
- Raze Application Filed For Site Of 900-Unit Development, Food Hall Along Anacostia River
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro