RENTAL OWNERS

Local rental owners who own between 2-20 units and were up to date on all payments prior to March 2020, including mortgage and property tax payments, are eligible for the program. Property owners who became delinquent on their payments after March 2020 will still be eligible to apply. Program participants must also meet the following requirements:

  • Be willing to enter into the Program Agreement
  • Have rents no higher than the program allows
  • Provide the required program due diligence items

 

Benefits of Joining The Local Rental Owners Collaborative

  • Maintenance and Repairs: Get help for capital improvements to address deferred maintenance issues or general building upgrades
  • Property Management: Improve building efficiency, lower operating costs, and decrease time spent on building management
  • Unlock Group benefits: Get group rates on insurance, energy retrofits, and other programs to improve your building, lower long-term costs, and increase cash flow.
  • Financial Management: Get access to financial management services. Maintain ownership and not be forced to sell to large corporate owners.
  • Continue to be a steward of my community and housing provider: Increase community stability and avoid displacement for both owners and tenants