Coronavirus Relief Fund - Rental Economic Relief Program
Purpose of funding
Washington County is offering an expedited application process to assist owners of multifamily affordable rental housing projects located in the County that have been impacted by the loss of rental revenue associated with the Covid-19 pandemic. The purpose of this funding is three-fold:
- To provide relief to landlords
- To provide relief to tenants who have not been able to fulfill their rental obligations due to the pandemic
- To stabilize subsidized housing projects so that they can continue fulfilling the mission of providing quality housing to Washington County households with modest incomes
Eligible properties are located in Washington County, consist of five to 300 units, have deed restrictions enforcing an affordability period of fifteen years or more, and can demonstrate a net loss in rental income due to the Covid-19 pandemic from March 1 through December 30, 2020 once other assistance (e.g., OHCS Affordable Housing Portfolio Stabilization COVID-19 Response Fund assistance) has been applied to offset the loss.
Eligible applicants include nonprofit and for-profit entities and the Housing Authority of Washington County. Applicants may submit applications for multiple properties. If the property owner is a Limited Partnership, the applicant must be the Managing General Partner (or equivalent). In the case that the Housing Authority may be a Special Limited Partner for the purpose of tax exemption only, the Housing Authority may not be the applicant.
Properties serving the following populations disproportionately impacted by inequities exacerbated by COVID-19 will be prioritized:
- Black, Indigenous, Latinx and people of color
- Families with children
Use of funds
Funds received through this program must be applied toward back due rent, and the payments must be credited to the accounts of tenants with rent in arrears. Properly documented modifications related to Covid-19 and occurring March 1 – December 30, 2020, may receive secondary consideration if sufficient funds are available. Decisions regarding awards for modifications and delayed maintenance and repair costs will be made at the sole discretion of the County and are dependent upon eligibility and funding availability.
The maximum award for rental economic relief per project is $300,000. If this program is oversubscribed, the maximum award per applicant for all projects submitted by that applicant is $500,000.
Revisions to award amounts
Awards may be reduced prior to making the final payment should rental payments by an outside entity (example Community Action) be conveyed to owner between December 1, 2020 – January 15, 2021. Washington County will verify prior to making payment. This is the ensure that any payments in transit are validated as non-duplicating.
How to apply
|Application Release Date:||Wednesday, December 9|
|Preapplication Zoom Meeting:||Friday, December 11, 10:00 a.m.|
|Last Day to Submit Questions:||Wednesday, December 16, 5:00 p.m.|
|Application Due Date*:||Friday, December 18, 5:00 p.m.|
|Notification of Award:||Wednesday, December 30|
|Awards Made:||January 2021|
*Proposals with a time stamp after the Application Due Date cannot be accepted.
Preapplication Zoom Meeting