{"id":4695,"date":"2021-02-01T15:07:13","date_gmt":"2021-02-01T21:07:13","guid":{"rendered":"https:\/\/nwfl4sale.com\/nar-joins-coalition-calling-for-clarity-in-rental-assistance\/"},"modified":"2021-02-01T15:07:13","modified_gmt":"2021-02-01T21:07:13","slug":"nar-joins-coalition-calling-for-clarity-in-rental-assistance","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/nar-joins-coalition-calling-for-clarity-in-rental-assistance\/","title":{"rendered":"NAR Joins Coalition Calling for Clarity in Rental Assistance"},"content":{"rendered":"
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A Dec. law had $25B for landlords hurt by non-paying tenants during the eviction ban, and the coalition wants the government to prioritize that rent relief for landlords.<\/span><\/span><\/p>\n<\/div>\n WASHINGTON \u2013 Housing groups, including the National Association of Realtors\u00ae (NAR), are urging federal agencies to provide more information about the distribution of $25 billion in rental assistance under COVID-19 relief legislation signed into law in December.<\/span><\/span><\/p>\n The coalition of real estate trade organizations says the funds are critical to counter the economic fallout of the pandemic, protecting renters from losing their homes while providing financial protection to property owners.<\/span><\/span><\/p>\n Along with the National Apartment Association, Mortgage Bankers Association, National Multifamily Housing Council, and other housing groups, NAR issued a letter Thursday to newly appointed Treasury Secretary Janet Yellen and Marcia Fudge, President Joe Biden\u2019s nominee to head the Department of Housing and Urban Development.<\/span><\/span><\/p>\n \u201cCongress saw the great need for rental assistance across the nation and across income levels and required that 90% of the funds be used for rental and utility assistance,\u201d the coalition writes in its letter. \u201cAttempts to divert funding away from efforts that are not intended to directly address rental and utility arrears and current rent and utility obligations are well-intentioned but will continue to threaten housing stability of millions of renters who are in great need. We urge the administration to prioritize rent relief to as wide a population as possible. With limited funds, the rental assistance program must focus on paying arrears which have financially burdened both tenants and properties for the past 10 months.\u201d<\/span><\/span><\/p>\n