Assistance available for Arizona landlords hurt financially by COVID-19
Aug 10, 2020, 4:55 AM
(AP Photo/David Zalubowski)
(AP Photo/David Zalubowski)
PHOENIX — With the moratorium on residential evictions in effect through October, Arizona landlords are now able to apply for financial assistance.
Applications for the Arizona’s Rental Property Owner Preservation Fund, which helps rental property owners struggling to meet their mortgages and have tenants who have been unable to pay rent during the pandemic, opened Wednesday.
The program, announced in a press release when Arizona Gov. Doug Ducey extended the eviction moratorium, is funded with $5 million.
In a statement Wednesday, the Arizona Department of Housing said there are three categories of eligible applicants. It states:
- small rental property owners, owning up to five single-family properties or up to twenty total units in a multi-family property;
- large rental property owners, owning more than five single-family properties or more than twenty total units in a multi-family property;
- and whose tenants have not paid rent or have not received rental assistance for the months in the unit for which they are seeking funding.
A property does not need to be at risk of foreclosure for a landlord to qualify for assistance.
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Ducey also formed the Rental Eviction Prevention Assistance Program in March, which made $5 million available for Arizonans who needed help rental assistance.
That is part of almost $90 million that has made available in rental assistance, according to the Department of Housing.
