Personal Finance & Money Asked by Fay on October 4, 2021
Due to the pandemic, I was unable to pay rent for my apartment complex that I have now moved out of. I do not have the money to pay this debt because I was unemployed because of the pandemic. Additionally, I am below median income.
Are there options to assist in payment? How can I best handle my debt?
Part of the trillions in stimulus was set aside for rent assistance. In California you need to apply through this site: https://housing.ca.gov/covid_rr/
If one or more individuals in your household meet all of the following, you are eligible to apply:
- Have qualified for unemployment benefits or experienced a reduction in household income, incurred significant costs, or experienced other financial hardship due to COVID–19; and
- Demonstrate a risk of experiencing homelessness or housing instability, which may include:
- a past-due utility or rent notice or eviction notice;
- unsafe or unhealthy living conditions; or
- any other evidence of such risk, as determined by the program
- Have a household income that is not more than 80% of the Area Median Income
If you qualify your landlord will have to waive 20% of unpaid rent in order to get 80% of the unpaid rent via the program (up to certain program limits and depending on availability of funds, it seems).
This seems to be very similar to Colorado's implementation, so I'd imagine most states have similar/identical criteria. Anyone in similar need should just search "covid rent assistance" + their state
Answered by Hart CO on October 4, 2021
Hart CO, as usual, provided a concise answer to your specific question. However there were some stipulations that came up in the comments that may prevent you from qualifying.
In those cases, follow the typical advice for debt that is difficult to impossible to pay:
Please note that step 3 assumes you owe something on the order of $5,000 or more.
The landlords are idiots if they do not waive 20-25% of rent owed in order to get the remainder from the government. Doing it the typical way they are unlikely to recover 10%.
Answered by Pete B. on October 4, 2021
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