The Colorado Springs Gazette released an op-ed by Terry Simone, President of the Colorado Apartment Association.
“The COVID-19 pandemic has been unprecedented in our lifetimes. Nearly every Coloradan has been impacted in some way by the pandemic. While there is no playbook on coronavirus response, we are all learning to adjust our strategies for navigating this time. As the rental housing industry calls for additional backing in the face of this crisis, it’s important for Coloradans to do their part to preserve assistance for those most in need.”
“The federal government has implemented financial relief packages, which have helped small businesses remain open and Coloradans remain employed despite our economy grinding to a halt to prevent the spread of COVID-19. Unfortunately, just one-third of rental housing providers were eligible for federal mortgage assistance. The other two-thirds, at this point, must rely on rental payments to pay mortgages and all of the other bills and utilities that rent is used to pay.”
“Fortunately, the CARES Act disaster relief package passed by Congress offered unprecedented help to Coloradans and beyond by expanding unemployment benefits to the majority of workers and freelancers. The combination of the CARES Act funding and state unemployment benefits provides Coloradans an extra $600 per week for residents who make up to $75,000 per year in addition to the federal stimulus check of $1,200. Thankfully, these funds have closed the gap for many Coloradans.”
Read more at The Colorado Springs Gazette.