Rental Relief is Available for Landlords Under S.B. 91 – What YOU Need to Know to Receive Funding
March 18, 2021 @ 10:00 am - 11:00 am
| Free for AAGLA MembersYOU DON’T WANT TO MISS THIS: IMPORTANT WEBINAR ON STATE RENTAL RELIEF AVAILABLE FUNDS UNDER SENATE BILL 91 - $2.6 BILLION OF FUNDING. LEARN WHAT IS REQUIRED TO OBTAIN FUNDING TO PAY PAST DUE RENTAL DEBTS THAT ARE OWED.
Time: 10:00 A.M. – 11:00 A.M. on Thursday, March 18, 2021
Governor Newsom signed Senate Bill 91 (S.B. 91) into law on January 29, 2021. With its passage, up to $2.6 billion in Federal COVID relief funding is being made available to pay landlords of certain low-income renters 80% of rent owed due to non-payment resulting from COVID-19 financial hardships. S.B. 91 extends protections afforded renters under Assembly Bill 3088, which expired January 31, 2021.
The rental assistance program available under S.B. 91 may pay landlords of qualified renters 80% of the rent in arrears between April 2020 and March 2021, and a landlord must agree to forgive (write-off) the remaining 20% and not pursue eviction for non-payment or any other curable breach of the lease. Alternatively, the rental relief program may pay tenants 25% of rent in arrears between April 1, 2020 and March 31, 2021 if landlords do not agree to participate in the program. Additionally, tenants may apply for payment 25% of rent due for up to three (3) months for the months of April, May, and June 2021.
Planned, MUST HEAR topics during this webinar will include…
- Basics of S.B. 91? What S.B. 91 means for YOU?
- What is the amount of available funding statewide and for my area?
- How do my renters qualify for rental relief funding? What are my obligations to notify renters of available funding and to assist with their applications?
- Where and how can YOU apply for available funding? What is your tenant’s responsibility for applying for rental relief?
- What is the paperwork requirements when applying? Landlord paperwork? Tenant paperwork?
- What are the different requirements for 80% funding and 25% funding of past due rental debt?
- Who needs to apply to receive relief? Landlords? Tenants?
- Process for applying and approval timing?
- What about those local ordinances? How do I know if I apply for state or local funding? Can I apply for both? Which website must I use to apply?
- Who receives the rental relief funds and how will they be paid out? What is the anticipated timing?
- Once funding is exhausted, will there be additional funding in the future?
- Are rental relief funds taxable? By Federal or by State?
- When can applications be submitted? How long does it take to apply?
- And much, much more – YOUR questions may be submitted prior to and during the webinar will drive the discussion.
This informative webinar will also address any questions that are submitted by you! After registering, you will have the opportunity to submit questions. Live Q&A will also be available during the webinar and we will do our best to consolidate and identify those questions that will benefit all attendees. This is another of many exclusive Apartment Association of Greater Los Angeles webinars being conducted in conjunction with all affiliates of the California Rental Housing Association (CalRHA) being provided to assist YOU during the COVID-19 (Coronavirus) crisis.
The discussion will be moderated by Daniel Yukelson, Executive Director of the Apartment Association of Greater Los Angeles and Kate Bell, Founder, Kate Bell Strategies.
Please log in to register. If you have any questions, please contact Becky Warren, via email at or call (916) 607-0129. We look forward to seeing you. Please continue to stay diligent and be healthy!
WARNING: THE INFORMAITON PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM A LICENSED PROFESSIONAL.
Please log in to register. If you have any questions, please contact Events Manager, Diana Alcaraz, via email at . We look forward to seeing you. Please continue to stay diligent and be healthy!
