ADAM BEAM

Associated Press

The government would cover rent payments for some low-income Californians impacted by the coronavirus under a proposal backed by state Senate leaders.

The Senate wants to forgive rents for low-income tenants, giving landlords tax credits equal to the value of their missed payments, which they can keep or sell for cash. Tenants would then have up to 10 years to pay back their missed rents to the state, with some not having to pay the full amount because of an unspecified “hardship exemption.”

“This is not a giveaway to anyone,” Democratic Sen. Steven Bradford said. “Our goal is to keep tenants housed and keep landlords out of foreclosure.”

Read More: https://www.smdp.com/california-senate-proposal-tackles-rents-economic-recovery/190855