Financial help available for DC landlords with 20 units or less
Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Economic Development (“DMPED”) launched new Housing Stabilization Grants with $10 million from the federal CARES Act to provide COVID-19 related relief to District housing providers, with $1 million set aside specifically for small housing providers. The program will be available to two groups:
Group A, to be administered by the DC Housing Finance Agency (“DCHFA”), will include housing providers in the city’s portfolio of affordable housing projects (including those affordable housing owners with 20 or fewer units), financed by the Housing Production Trust Fund, Low Income Housing Tax Credits, or other local and federal affordable housing funds.
Group B, to be administered by the Department of Housing and Community Development (“DHCD”), will include small housing providers with 20 units or fewer not in the District of Columbia’s portfolio of affordable housing projects.
Rent arrears from April 1, 2020, through November 30, 2020, will be paid by the city to housing providers in an 80:20 split with the District contributing 80% of the rent, up to $2,000 per unit per month, and the housing provider forgiving the rest. Applications will open on December 1 and close on December 11.