Resident Relief Foundation Launches Initiative to Support Renters

Los Angeles

The Resident Relief Foundation has launched a new nationwide initiative to support residents impacted by the COVID-19 pandemic. The new initiative, eponymously named the Resident Relief Initiative, will pay one month of rent in emergency financial assistance to renters and help landlords who are at risk of foreclosure and bankruptcy. The foundation is partnering with Mynd Property Management, Veritas Impact Group, GSH Group, Luxer One and Domuso to raise $10 million to keep renters in their homes.

“We’ve successfully helped more than 100 residents remain in their homes over the past two years, but we realized very quickly that layoffs resulting from the COVID-19 crisis would impact hundreds of thousands, if not millions, of renters,” Tina M. Oswald, executive director of the Resident Relief Foundation, tells GlobeSt.com. “The Resident Relief Initiative was created to proactively mobilize the multifamily industry around a national fundraising objective to ensure we can help residents when eviction moratoriums are lifted and renters begin to struggle with their repayment plans.”