California is planning rent forgiveness on a scale never seen before in the United States,” attributing the post to a report by the New York Times, which noted that state lawmakers were putting the final touches on the program.
While eligibility criteria for the newly proposed program are still unclear, reports indicate that the measure would both give renters in arrears a clean slate and make landlords whole.
The state currently has about $5.2 billion on hand from multiple Congressional aid packages that is earmarked to pay off unpaid rent, Jason Elliott, senior counselor to Newsom on housing and homelessness, told the Associated Press. Elliott added that this amount should be sufficient to cover all unpaid rent in California.