NRHC Creates Rental Assistance Guide for Rental Home Providers
The National Rental Home Council (NRHC) announced the release of The Property Owners Guide to Rental Assistance, a concise, step-by-step resource to help rental home providers – especially small, individual owners – navigate the process of applying for funding through the federal government’s emergency rental assistance program.
“NRHC has been advocating for rental assistance since the beginning of the COVID crisis in early 2020. Now that assistance is finally available, we want to make sure struggling rental home providers have the tools needed to pursue appropriate relief,” according to David Howard, executive director of NRHC. “Our data shows 50% of individual property owners have not received full rent during the past year, jeopardizing their ability to cover the many required costs of home ownership including mortgages, taxes, maintenance costs, and community assessments.”
The Property Owners Guide to Rental Assistance provides property owners with relevant insight into key aspects of the federal rental assistance program and outlines a framework for navigating the application process. The guide covers critical steps involved in obtaining rental assistance including: assessing your situation; communicating with your tenant; organizing supporting material; submitting your application; and keeping thorough records.
“Rental home providers, large and small, are an essential part of the American rental housing ecosystem,” continued Howard. “According to the U.S. Census Bureau, there is less rental housing in the country today than there was five years ago, even as the amount of owner-occupied housing has increased 10%. Many rental home providers have spent the better part of a year struggling to cover the necessary costs of home ownership all while straining to comply with a myriad of local, state, and federal mandates governing eviction policy and other areas of rental home ownership. Rental home providers need assurance that the market will support their efforts. Rental assistance is good for the industry and we hope The Property Owners Guide to Rental Assistance will be prove useful for the many providers committed to keeping family housing affordable and accessible.”
Click here for a copy of The Property Owners Guide to Rental Assistance.
About NRHC
The National Rental Home Council (NRHC) is the nonprofit trade association representing the single-family rental home industry. NRHC members provide families and individuals with access to high-quality, single-family rental homes that contribute to the vitality and vibrancy of neighborhoods and communities. For more information on NRHC or the single-family rental home industry visit www.rentalhomecouncil.org
Contact: David Howard, dhoward@rentalhomecouncil.org
