LOS ANGELES—Los Angeles County announced Nov. 15 rent relief grants of up to $40,000 for small-business tenants in unincorporated areas who have fallen behind on their rent due to the COVID-19 pandemic. Supervisor Holly Mitchell hosted a virtual news conference Monday to announce the program, which is funded with federal coronavirus aid dollars. “The Small…
LA County Offers Rent Relief Grants of Up to $40,000 to Small Businesses
November 15, 2021
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San Diego Establishes Legal Defense Fund for Tenants Facing Evictions
SAN DIEGO—The San Diego City Council approved Oct. 6 Mayor Todd Gloria’s proposal to establish a $5 million legal defense fund to help struggling tenants potentially facing eviction due to non-payment of rent during the COVID-19 pandemic. The legal aid program is intended to use $5 million in federal Coronavirus Aid, Relief, and Economic Security…
NTD Business Full Broadcast (Oct. 1)
Inflation, a key indicator closely watched by the Fed, is still at historically high levels. Is it going to slow down growth going forward? Drugmaker Merck’s stock is up 8 percent Friday. It says its experimental drug for COVID-19 cuts the risk of death or hospitalization by 50 percent. It’s applying for emergency use with…
California at Risk of Losing Billions of Dollars in Emergency Rental Funding: State Auditor
The California state auditor revealed the state is at risk of losing billions of dollars in emergency rental funding as the deadline to send funds to applicants approaches. “In August 2020, we designated the State’s management of federal COVID-19 funds as high risk after concluding that the likelihood of mismanagement of these funds is great…
Pandemic Rental Assistance Program Lags With Billions of Dollars Unspent
By Zach Wichter From Bankrate.com In a House Financial Services Committee hearing last Friday, Democrats and Republicans agreed that COVID-related rental assistance has been slow to get into the hands of tenants and landlords. But the agreement largely ended there, as elected officials and invited witnesses clashed over how to get the ball rolling on…
New Rental Assistance Available for Los Angeles Renters and Landlords
This week, the City of Los Angeles began offering additional rental assistance for renters and landlords who have been heavily impacted by the pandemic. As California’s eviction moratorium is set to expire on Sept. 30, many landlords and renters in Los Angeles are facing financial hardship. The Housing is Key rental assistance program was launched…
California’s Slow Flow of Aid, Rising Property Prices Put Renters at Risk
Commentary The US Treasury Department may have to take back some $1.4 billion to $4 billion in funds allocated to help California (including its cities and counties) with paying overdue rent and utility bills. According to analysis conducted for The Epoch Times of data released by the US Treasury, only a small percentage of moneys…
4.1 Million Californians ‘Not At All Confident’ About Next Rent or Mortgage Payment
Commentary Over 4.1 million Californians live in households where the primary rent-payer or mortgage-payer is “not at all confident” they can pay their next rent or mortgage payment. This is more than 10 percent of the entire state population living in such households. The entire city of Los Angeles is only 3.99 million persons. More…
Eviction Moratorium Keeps California Homeowner from Living the American Dream
A California homeowner has not received rent from her tenants for over 17 months. She also hasn’t received any payments from the state’s COVID-19 rent relief program, after applying for several months. Alyona Nickelsen, an award-winning artist, author, and owner of a three-bedroom condo in Aliso Viejo said her tenants of over six years have been…
Hispanic Californians, Less-Educated Californians Worried About Rent, Census Data Shows
Just-released Census Bureau data shows that as the CDC eviction moratorium was approaching expiration at the end of last month, 11.2 percent of renters in the U.S. were not confident they could make their next rent payment. Within California, a state-level ban on evictions doesn’t expire until Sept. 30, and funds are available to cover…
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