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$19 Million Allocated for Seattle Rental Assistance; $41 Million from King County

According to local reporting, nearly 140k renters in Seattle are behind in rent. Mayor Jenny Durkan plans to provide 19 million dollars for low-income renters affected by the COVID-19 economic downturn.
 
The money will funnel through the United Way of King County’s Home Base Eviction Prevention and Rental Assistance Program, the Seattle Office of Housing, and the Human Service Department’s Homelessness Prevention programs.
 
United Way will partner with the Office of Housing and the Human Services department in determining the eligibility of applicants and how to allocate the funds. It is unknown how many renters will be able to get help through this funding at this time but it is believed that it may help bridge the gap as the US Congress continues to negotiate more relief for those impacted during the global pandemic.
 
King County also announced a $41 million dollar fund in August that includes nearly 18 million for large landlords and property owners, and 10 million in a small landlord/tenants “lottery” fund.
 
If you have any questions about your own properties and how Sound Point Property Management might help you, please reach out to us at any time.
 
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Jill McCormick

My goal is to make your real estate experience as pleasant, and profitable as possible. I accomplish this by anticipating your needs, applying my experience to your specific situation, paying attention to all the details of the transaction to ensure a smooth closing, and follow through on all items that are important to you to ensure that your needs are met.