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The eviction moratorium in Alameda County has had adverse consequences for rental housing providers. While the moratorium was implemented to protect vulnerable renters during the COVID-19 pandemic, it placed a significant financial burden on property owners.
Many rental housing providers in Alameda County faced mounting debts, property maintenance costs, and lost rental income due to non-payment, leaving them struggling to make ends meet. This situation has pushed some property owners to the brink of foreclosure, exacerbating the housing crisis in the county.
The good news is that beginning on October 2nd, Alameda County will begin accepting applications for their Foreclosure Prevention Program, which offers a glimmer of hope for small, low-income housing providers. With the potential for up to $75,000 in financial assistance, the program aims to alleviate the financial stress faced by property owners.
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