City of San Marcos launches new COVID-19 Rental Assistance Program
San Marcos renters who have experienced financial setbacks due to COVID-19 may be eligible for the City’s new COVID-19 Rental Assistance Program.
The program, funded with $1,051,615 of Community Development Block Grant (CDBG) resources, will provide immediate financial aid to residents experiencing a loss of income directly related to COVID-19. It provides residential rental assistance (up to $10,000, total) to residents whose incomes are at or below 80 percent of the Area Median Income, who were current with rent payments prior to March 16, 2020 and who are otherwise in good financial standing.
“Thanks to these CDBG resources, the City of San Marcos is able to extend a helping hand to renters facing extreme financial hardship during the pandemic,” said Lisa Fowler, City of San Marcos Finance Director. “Our goal is to raise awareness about this valuable program and encourage residents who are eligible to apply.”
The development of the Rental Assistance Program was approved by San Marcos City Council on June 9. Program funds will likely be fully expended by June 30, 2021.
Applicants with the lowest income levels will receive priority over other eligible applicants. Residents may receive up to $10,000 per household, per application, for up to six months of partial or full rent. A rent reasonableness assessment may be conducted by the program administrator to determine the amount of assistance that will be provided.
To learn more about the COVID-19 Rental Assistance program, eligibility and the application process, go to the COVID-19 Rental Assistance Program webpage.