By Dawn Anastasi, RPA Board Member
You may have heard at a recent RPA Landlord Boot Camp, RPA blog post, or other RPA event about the CARES Act.
The CARES Act requires rental property owners to provide a 30-day notice to tenants prior to eviction for nonpayment of rent if the rental property is a "covered property."
Okay, so what's a "covered property"?
The term “covered property” includes any property that participates in certain federal housing programs or that has a federally backed mortgage loan.
Here are two ways to search to see if a property is covered by the CARES Act:
- The National Low Income Housing Coalition (NLIHC) has a searchable database that helps identify if a property is covered by the CARES Act.
- FHA-insured or multifamily-assisted properties can be searched using the database at HUD.
Keep in mind that if the rental property owner receives funds from the Rent Assistance program through the Housing Authority, that property is also covered through the CARES Act.
Do you have further questions on the CARES Act? Comment below!