The Resident Relief Foundation has launched anew nationwide initiative to support residents impacted by theCOVID-19 pandemic. The new initiative, eponymously named theResident Relief Initiative, will pay one month ofrent in emergency financial assistance to renters and helplandlords who are at risk of foreclosure and bankruptcy. Thefoundation is partnering with Mynd PropertyManagement, Veritas Impact Group,GSH Group, Luxer One andDomuso to raise $10 million to keep renters intheir homes.

"We've successfully helped more than 100 residents remain intheir homes over the past two years, but we realized very quicklythat layoffs resulting from the COVID-19 crisis would impacthundreds of thousands, if not millions, of renters," TinaM. Oswald, executive director of the Resident ReliefFoundation, tells GlobeSt.com. "The Resident Relief Initiative wascreated to proactively mobilize the multifamily industry around anational fundraising objective to ensure we can help residents wheneviction moratoriums are lifted and renters begin to struggle withtheir repayment plans."