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COVID-19 and CARES Act Spending Plan <br />August 4, 2020 <br />Slide 21 <br />Rental Assistance Program <br />•$2,750,000 proposed allocation <br />•Partnership with rental property to pay 80% of the <br />tenant’s back-rent owed balance, and landlord will <br />forgive remaining 20% <br />•In return, landlords or property owners will agree <br />not to evict any program participating resident for a <br />period of 6 months from the date of the Agreement <br />•This public-private partnership will relieve tenants <br />of their back rent that has accumulated since April <br />1 as a result of the pandemic