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D.C. will give out $10 million in grants to help some landlords forgive back rent

Monday, November 30, 2020

D.C. officials will hand out grants to some landlords to forgive back rents and stay afloat financially while the pandemic drags on.

Mayor Muriel Bowser announced on Monday a new $10 million fund for these “Housing Stabilization Grants,” targeting them to owners of affordable properties and other small buildings around the city. Of the total, $9 million will be set aside for affordable projects, and $1 million for owners of 20 units or fewer.

The grants will cover up to 80% of rent arrears for each tenant that has fallen behind on rent, up to $2,000 per unit, per month.

Washington Business Journal/Alex Koma