In the third special session of 2020, the legislature passed House Bill 4401 which allocated $200 million in rent assistance to support landlords and tenants. Of those funds, $150 million was designated for the Landlord Compensation Fund to provide relief to landlords who have tenants who have been unable to pay rent.

Participating landlords can receive relief of 80% of missed rent if they agree to forgive the remaining 20% of the tenant's debt. Eligible landlords can begin applying today, April 29th.

To begin preparing now, landlords can use this checklist to begin collecting the required documentation.

More information about the Landlord Compensation Fund can be found HERE.

I have talked with many of you about your frustrations with the last round of relief payments and the application process. I have been told the state has updated the application and it should be easier to use this time. For those whose tenants were concerned about signing the form, I want to clarify that this program compensates the landlord 80% of the lost rent if the landlord agrees to forgive the other 20%. There is no payback needed or required by the tenant. The law is clear, tenants either sign the form or can be evicted for nonpayment.