California Governor Newsom announced Monday that he will pay 80 percent of rent arrears for tenants from April 2020 to the present, but asked landlords not to pursue the remaining 20 percent. The authorities will also extend the ban on evictions until June 30. Read the story.
On Monday (1/25), California Governor Newsom proposed to extend the eviction ban, which was supposed to expire on the 31st of this month, until June 30th.
Newsom also proposed that authorities would pay 80 percent of the total rent owed by tenants for the period from April 2020 to March 2021. Landlords would also be required not to recover the remaining 20 percent and not to evict tenants.
The state stressed that if the landlord does not agree to give up 20 percent of the rent, the authority will only agree to pay 25 percent of the rent.
The proposal to delay the eviction ban will be put to a final vote this Thursday by the Democratic-majority state legislature.
Since the outbreak of the Epidemic, California’s eviction ban, which allows tenants to fall behind on their rent for long periods of Time, has caused landlords with smaller properties to experience tremendous financial pressure, including land taxes, housing taxes and repair costs, and could eventually lead to a runaway rental market.
Ms. Liu, who lives in California, expressed her frustration with the repeatedly extended eviction bans and the future economic situation in California.
California resident Ms. Liu: “And I now personally think that with this economic situation in California now, owes a bad debt, and the White House and get so many illegal immigrants, the future has a great expense, I see June California has the ability to solve the problem of tenants.”
According to a press release from Newsom’s office, the administration will use a $2.6 billion federal stimulus grant to pay 80 percent of rent arrears for tenants.
In fact, data show that last December alone, 1.1 million landlords across California had their rent receivables lagged by policies such as the eviction ban. It is estimated that up to $3.6 billion in delinquent rents have accumulated statewide.
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