via Bisnow.com
After more than a year of coronavirus pandemic life and its repercussions, a looming threat has been the growing amount of rent debt. The exact amount of back rent owed statewide is not known, but estimates have ranged from $400M to $1.7B.
The city of Los Angeles is accepting applications through April 30 for up to $235.5M of rent relief provided as part of the December federal stimulus bill. The funding will be awarded to qualified applicants via a lottery-style system, with preference given to applicants who make less than 30% of the area median income, or $33,800 a year for a family of four. Unlike the previous round of rent relief, this time landlords are able to apply on behalf of their tenants.