Real Estate Management Advisory: COVID-19 Financial Assistance for Rental Payments
We know that many of your residents are (or will soon be) suffering financial hardship which will impair their ability to pay their monthly rent to you. The good news is that financial resources may be available to them depending upon their individual financial circumstances. The City of Boston has made $3 million available for rental assistance and Metro Housing is still accepting and processing RAFT applications. These are some of the resources that residents of Boston and other communities can explore:
https://www.waitlistcheck.com/MA2977-1914
https://unitedwaymassbay.org/covid-19/covid-19-family-fund/
http://cambridgecf.org/COVID-19-emergency-fund
https://www.auntbertha.com/housing/help-pay-for-housing--cambridge-ma?postal=02139
Email to: MMcCormick@CambridgeMA.gov; Cambridge Mayor’s Disaster Fund
Attorney Alex Mitchell-Munevar of Greater Boston Legal Services has advised us that he would like to assist residents in determining whether they are eligible for these (and other) resources and, if so, to assist them in gathering documentation to complete the requisite applications. For residents that have informed you of their financial hardship or for residents of which you are aware of their financial hardship, please consider referring them to Alex if you are willing to enter into a payment plan with them where their tenancy would be preserved. Alex’s email address is amunevar@gbls.org and his telephone number is (617) 603-1568. If a resident secures financial assistance and is ready to enter into a specific payment plan, we would participate in those communications and assist in the memorialization of a written agreement.
As always, please feel free to call or email any member of the Krems, Jackowitz & Carman, LLP Real Estate Management Team with any questions.
Kenneth A. Krems-David R. Jackowitz-Scott D. Carman