Action Needed Now to Assist All Landlords & Residents

NAA Petition to Congress (Read & Participate Below)

Yesterday, Representative Alexandria Ocasio-Cortez (D-NY) called for a national rent strike: “We need to make sure that rent cancelation [sic] happens on the state and national level.”  

With millions of Americans unemployed, May will be a crucial month for our industry as many residents are unable to pay their full rent. Supporting rent strikes or rent cancellations is just going to lead to more unemployment as rental owners and operators suffer. This is NOT what we need! 

Rent cancellations? Congress needs to pass rental assistance! Congress needs to: 

• Create an emergency rental assistance program for those who are impacted by the COVID-19 crisis and struggle to cover housing expenses.
• Better tailor the CARES Act eviction moratorium provision and safeguard owners’ ability to effectively manage their communities.
• Expand the Small Business Administration’s Paycheck Protection Program to include all multifamily businesses.
• Allow more housing providers access to mortgage forbearance and ensure fairness and flexibility in its terms. 
• Provide financial assistance for property-level financial obligations such as property taxes or insurance payments and extend credit to multifamily mortgage servicers.

When rents aren’t paid, there is a cascade of effects across the country: unpaid mortgages, unpaid utility bills, lower property taxes. Tell Congress to pass rental assistance!