The Los Angeles County Board of Supervisors on Tuesday approved a motion that will identify existing funding, legislation, and programs to help property owners impacted by the county’s eviction moratorium.
“We need to do more to help property owners who have been bearing the brunt of the eviction protections our county has put in place for more than two years,” said Supervisor Kathryn Barger, who authored the motion. “Our local economy reopened nearly 15 months ago and work opportunities are now plentiful. I believe we are well past the time to bring financial relief to property owners. They’ve had to continue making mortgage payments and have been fulfilling their financial obligations without any respite throughout the pandemic. They, too, deserve our support.”
The amended motion also directs County Counsel, the Department of Consumer and Business Affairs, and the Chief Executive Office’s Homeless Initiative to report back in 30 days on the status of legal challenges to the County’s protections for tenants and recommendations on whether the Board should consider an earlier phase-out plan for its tenant protections.
The approval of the motion is timely. Effective July 1, 2022, the Board of Supervisors will reinstate the County’s tenant protections through January 2023 for renters who are at or below 80% of the Area Median Income level.
[Information via news release from the office of Los Angeles County Supervisor Kathryn Barger.]
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Vince Au says
The State has a surplus budget, isn’t any of that money going to land lords?
Why isn’t LA County deferring property taxes as they continue to extend the eviction moratorium? They leave the land lords to bear the burden of their over reaching policies, and doing nothing to protect or assist the land lords.
Mark A. says
A lot of people who played the “I don’t want to work and pay rent” game during Covid, and used Covid as an excuse to do so, are going to have to face the consequences at some point.
A lot of landlords who were stuck with these tenants during Covid are now selling after they kick the problem tenants out. This is good for younger homebuyers looking for property and a home to start a family.
andrew s roganson says
You think so? Home prices are up 15% over last year and the mortgage rate has doubled
Watch the housing market tank, then those who can pay rent will be welcomed
tsparky says
Just because we are in a recession doesn’t mean that home prices will drop by a huge amount. We don’t have the sub-prime issue that the last recession had. Also, rent is only loosely based on home prices. Supply and demand are what counts. If the demand is high and the supply low, rents will go up. What do you think is the reason that used car prices have skyrocketed in the last 2 years?
Esther Cabrera says
I would like to know more about the foreclosures
Magnetlady says
I’d like to know how many ”Landlords” had their property FORCLOSED on when payments couldn’t be made since many ”tenents” took advantage of the moritorium? IMHO, there could have been ”some” payments made toward their monthly rent. As a homeowner, the BANK doesn’t care what happens to me as long as my Mortgage is paid on time. Many people have ”chosen” not to work, when they could have gone back into the workforce.