IE Business Daily Business news for the Inland Empire.
Gov. Gavin Newsom has signed into law Senate Bill 91, which gives financial assistance of up to 80 percent of unpaid rent accrued due to COVID-19.
The relief, available to qualifying housing providers and tenants, will be paid for with federal funding: The Congressional relief package that then-President Donald Trump signed into law last December included $25 billion for rental properties, according to a statement.
That money was to be distributed by the states.
SB 91, which received no declared opposition and a “neutral” declaration from the California Association of Realtors, also extends the statewide moratorium on rental evictions to June 30, 2021. The state eviction ban is similar to the federal eviction ban which started in September 2020 and was recently extended through March, according to the statement.
