The programs established by the federal and state government in response to the economic and public health effects of the Covid-19 pandemic had significant effects on Rhode Island property owners and landlords. Policies like the residential eviction moratorium placed restrictions on the rights of property owners. Other policies, such as Rhode Island’s rental assistance program, helped both tenants and property owners to stay afloat economically during the pandemic.
As the pandemic appears to have stabilized to an endemic stage and some policymakers tire of active government responses to pandemic-related economic troubles, many of these programs have expired and will not be renewed. Rhode Island’s rental assistance program was closed out earlier in the summer. With the program’s termination, some renters and landlords were left in troublesome situations. A local news report was recently published explaining the effects of the program’s expiration on Rhode Island residents.
According to the facts discussed in the recently published article, the Rhode Island rental assistance program helped over 30,000 families to pay past-due rent and future obligations. On average, each family received about $6500 toward their rent. Although this program was designed to help renters, it was also very beneficial to landlords. Because there was an eviction moratorium in effect while the program was active, the only rent received by many landlords was thanks to the program.