FLORIDA COVID19 UPDATE: Florida Creates $250M Assistance Fund

FLORIDA COVID19 UPDATE: State To Tap $250 From CARES Act To Create Mortgage And Rental Assistance Fund

Florida COVID19

The ongoing Florida COVID19 pandemic has forced the state of Florida to create a rental and mortgage assistance fund. The state will create the fund from $250 million the state received from the federal CARES Act. 

Governor DeSantis made the announcement last week.

DeSantis issued an executive order putting a moratorium on evictions and foreclosures in April.

The moratorium is expected to end on Wednesday. The executive order gave homeowners and renters time in their homes if they can’t make their mortgage or rent payments due to the pandemic. However, it did not provide financial relief to renters and homeowners. As a result, Florida landlords were already lining up to evict people on July 1st before Memorial Day. 

Read more at MFI-Miami

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