Gov. Abbott introduces rental assistance program to ease COVID-19 strain

​AUSTIN – Governor Greg Abbott and the Texas Department of Housing and Community Affairs (TDHCA) have introduced a tenant-based rental assistance program for Texans experiencing financial hardships. 

Abbott has waived statutes related to the Department of Housing and Urban​ Development’s (HUD) HOME Investments Partnership program, which provides grants in partnership with nonprofits to build, buy, and rehabilitate affordable housingv projects. 

Waiving these statutes will give Texans more flexibility in using these funds to pay rent. 

The governor’s office has officially requested federal waivers from HUD to allow funds to be reprogrammed for that purpose. 

Get more COVID-19-related news on the Real Estate Center’s website:

• How COVID-19 Could Impact Texas’ Economy and Real Estate Markets​
• National Apartment Association offers COVID-19 guidance​​
• Texas Quarterly Apartment Report
• FHFA suspends foreclosures, evictions for Enterprise-backed mortgages​​​
• Texas Existing Home Sales Hit Record High, Then COVID-19 Arrived​

​​​Source: REBusiness Online