Residential landlords in need of assistance due to the coronavirus pandemic can now apply for aid through the Arizona Department of Housing.
The Census Bureau reports a quarter of Arizonans either missed their last rent or mortgage payment or aren’t confident they’ll make their next payment. Property owners who depend on rent say they’re struggling.
In mid-July the governor announced he’d extend the state’s eviction moratorium through October. At the same time, he announced $5 million for a Rental Property Owner Preservation Fund. Applications for that program opened this week.
Applicants can receive up to $2,000 per unit, up to $50,000 total. Applications will be taken on a first-come, first-served basis until funding runs out.
