The vast majority of the $1.5 million set aside to help renters and homeowners with emergency assistance to pay rent and mortgages has yet to be tapped into, according to an update at the City Council on Monday night.
The new City-sponsored Rental and Homeowner Assistance Program – like the state RAFT program – has gotten a slow start this month due to issues with documentation and troubles contacting applicants. Needless to say, some have been helped and councilors did praise the organization of the program and the simplified application.
Mayoral Chief of Staff Erin Devaney told the Council they partnered with the ABCD organization to review applications and distribute money. Some $1.5 million in CARES Act funding delivered to the City last fall had been set aside for the new program – announced in December. Of that, $200,000 was paid to ABCD for administration costs and the organization was charged with distributing $1.3 million to Everett residents that qualified.
Global Custodian’s most read stories of 2020 Part One: BlackRock, CSDR and a rising star
The first look at some of the most read stories of the past 12 months on Global Custodian.
Unsurprisingly, COVID-19 has dominated many of
Global Custodian’s headlines this year. The operational strain and the mass shift to remote working as a result of the pandemic provided us with plenty of editorial content, whether it was around the monumental increase in settlement failures, delays to key post-trade regulations, or rising outsourcing demands from buy-side firms. But while the theme dominated in terms of the quantity of stories, our most-read articles mostly focused on new product launches, people moves and regulatory shifts.