SAN FRANCISCO, June 22, 2021 / PRNewswire / – San Francisco-based Veritas Investments, one of the largest apartment building managers in San Francisco, today announced its voluntary extension to December 31, 2021 a moratorium on evictions to help residents facing financial hardship caused by the COVID-19 pandemic. State and local moratoria are currently expiring June 30, 2021.
“Veritas is committed to keeping residents safely housed during this unprecedented crisis,” said Jeff jerden, COO of Veritas. “No resident of a property managed by Veritas will be evicted for owing retroactive rent due to COVID-19 if they meet the definition of financial hardship set out in state SB 91 legislation. We have heard our residents and the next The end of the moratorium on evictions from the state, coupled with the slow release of rent relief funds, is of great concern to them.Thanks to face-to-face discussions, as well as extensive contacts and rehearsed with our Veritas residents, we urged everyone to apply. ”
Veritas had ad in March 2020 that it instituted the first moratorium on expulsions from the country, before the legislation was adopted by the City of San Francisco which then brought all property owners and managers under similar leadership.
The local and state moratoriums instituted since should expire this June 30thVeritas urged residents to be proactive in claiming the rent relief to which they are entitled, even though local and state authorities have recognized a lag in obtaining financial relief for beneficiaries.
As reported by The Associated Press, “California was slow to distribute funds ”, having received $ 490 million in requests for rental assistance via May 31st, with only $ 32 million paid. Just over 2% of people California who requested rent relief during the pandemic received it, while the state accumulated $ 5.2 billion federal assistance programs to help those whose economic hardships related to COVID-19 have prevented them from paying rent. “That should be enough to get the job done” Jason elliot, Senior Advisor to the Government. Gavin Newsom, AP said. “The move would fulfill a promise made to landlords to help them break even, while relieving tenants,” according to AP.
Veritas has provided millions of dollars in rent assistance to its residents to date, working with those asking for help and contacting them directly.
“We will also continue to support San Francisco residents through the wide variety of programs that Veritas is currently participating in or has launched, including its Open Doors program which provides temporary and furnished apartments at no cost to victims of domestic violence, wildfire survivors and residents. cancer patients; the Home Bridge program which helps families find help in times of crisis, emergency or unforeseen circumstances through partnerships with Ronald McDonald Houses and UCSF; and through our partnerships with Project Open Hand, HealthRight 360, Self-Help for the Elderly and other programs, ”added Jerden.
About Veritas Investments
San FranciscoVeritas, founded in 2007, is one of the largest managers of multi-family, urban commercial and mixed-use properties in California. Veritas oversees assets exceeding $ 3.5 billion including more than 7,000 apartments and commercial spaces. Vertically integrated, the company provides property management, leasing, project management, redevelopment, accounting, asset management, financing and investment management services. For more information visit www.veritasinvestments.com.
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SOURCE Veritas Investments Inc