Home / US / Governor Gavin Newsom signs an extension of the debt moratorium.

Governor Gavin Newsom signs an extension of the debt moratorium.



Governor Gavin Newsom signed Monday evening to an agreement extending moratorium protection for tenants in the state. The state’s eviction moratorium was set to expire on Wednesday. But the deal between Gov. Gavin Newsom and lawmakers would extend protections until Sept. 30. California banned evictions after Newsom scheduled the nation’s first shutdown in March 2020 and ordered most businesses to close. and citizens to stay home to slow the spread of coronavirus to be eligible. Tenants must pay at least 25% of the amount owed by September 30, sign a statement that they are experiencing economic difficulties due to COVID-19 and must receive 80% or less of the area̵

7;s median income. The deal provides $5.2 billion by the federal government to help with rent relief. Both the Assembly and the Senate voted in favor of the deal. California has some of the most expensive rents in the country and a housing shortage. About 25% of California tenants pay at least half of their income for home values. This is a figure that includes rent and utilities, according to the California Department of Treasury. Such extensions give government officials more time to disburse money. A report from the California Department of Housing and Community Development shows that the state received $490 million in requests but only paid $32 million covering 2,500 households as of May 31. That figure does not include some of the state’s major cities, which operate. self Rental Assistance Program—The Associated Press contributed to this report.

Governor Gavin Newsom signed Monday evening to an agreement extending moratorium protection for tenants in the state.

The state’s eviction moratorium was set to expire on Wednesday. But an agreement between Gov. Gavin Newsom and lawmakers would extend protections until Sept. 30.

California banned evictions after Newsom ordered the country’s first nationwide shutdown in March 2020 and ordered most businesses to shut down and people to stay home to slow the spread of the coronavirus.

to be eligible Tenants must pay at least 25% of the amount owed by September 30, signing a statement saying they are experiencing economic difficulties due to COVID-19. and must have an average income of 80% or less

The deal provides $5.2 billion by the federal government to help with rent relief.

Both the Assembly and the Senate voted in favor of the deal.

California has some of the most expensive rents in the country and has a housing shortage. About 25% of California renters pay at least half of their income for homes. This is a figure that includes rent and utilities, according to the California Department of Treasury.

Extension of time for government officials to have more time to disburse money A report from the California Department of Housing and Community Development shows that the state received $490 million in requests but only paid $32 million covering 2,500 households as of May 31. That figure does not include some of the state’s major cities, which operate. self Rental assistance program

The Associated Press contributed to this report.


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