Topaz Villas inJacksonville, Florida.
NEW YORK CITY- Multifamily lender Arbor Realty Trust and itsecosystem of borrowers and property owners are extending a hand totenants and families impacted by the coronaviruspandemic, with the launch of a national $2 million rentalassistance program. The Arbor Rental Assistance Program will act assupplemental income to existing government rent reliefprograms, using private capital to fill the loss of incomefor impacted families, David Lynd, CEO of multifamily developmentand management firm LYND, tells GlobeSt.com. LYND is an Arborborrower.
"The apartments we finance are homes to millions of workers whocomprise the backbone of this nation," said Ivan Kaufman, presidentand CEO of Arbor Realty Trust, in a prepared statement. "We're allin this together, and if we all come together to help, we can makea notable difference with an eye towards the future and a recoveryfrom this unprecedented health crisis."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
