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Rent crisis spirals for landlords awaiting $47 billion in relief


FAIRFIELD-SUISUN, CALIFORNIA
Apartment buildings in New York City. Cities remain largely popular despite reports to the contrary, and rising mortgage rates won’t matter as much for housing affordability as limited supply. (Dreamstime.com/TNS)
Rent crisis spirals for landlords awaiting $47 billion in relief
More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly.
Joaquin Villanueva, an airport janitor who owns a three-unit rental house in East Boston, had to take out a home-equity loan just to pay the bills. One tenant, eight months behind on rent, vanished one night in March. An unemployed restaurant dish washer in another unit owes $5,000. ....

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Rent crisis spirals for landlords awaiting $47 billion in relief


More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly.
Joaquin Villanueva, an airport janitor who owns a three-unit rental house in East Boston, had to take out a home-equity loan just to pay the bills. One tenant, eight months behind on rent, vanished one night in March. An unemployed restaurant dish washer in another unit owes $5,000.
“I don’t want to lose my house so I’m doing whatever I have to do,” said the El Salvadoran immigrant who wipes the floors at nearby Logan International Airport. “I’m not rich like a Donald Trump.” ....

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Rent crisis spirals for landlords awaiting $47 billion in relief

Rent crisis spirals for landlords awaiting $47 billion in relief
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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State Archives - Paso Robles Daily News

State Archives - Paso Robles Daily News
pasoroblesdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pasoroblesdailynews.com Daily Mail and Mail on Sunday newspapers.

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Report: Small landlords left struggling when renters stop paying

Report: Small landlords left struggling when renters stop paying
pasoroblesdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pasoroblesdailynews.com Daily Mail and Mail on Sunday newspapers.

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