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COVID-19 Rent Relief program goes live.
Funding for residents of Davidson, Knox and Shelby counties
will be administered through those communities.
CAUTION: THA highly encourages you to contact your corporate/personal business attorney or a local attorney before you decide to initiate an eviction action against a resident, in the current environment. Overlaying federal, state and county laws or restrictions on the judicial process may apply. This includes: issuing a notice to vacate, initiating any eviction-related action, or assessing fees or penalties on residents for nonpayment of rent or other lease violations.
If your community has a federally backed loan, evictions are currently prohibited.
Multifamily Mortgage Forbearance Under the CARES ACT
Provides up to 90 days of forbearance for multifamily borrowers with a federally backed multifamily mortgage loan (Fannie Mae, Freddie Mac or HUD) who have experienced a financial hardship. Borrowers receiving forbearance may not evict or charge late fees to tenants for the duration of the forbearance period.
Temporary Moratorium on Eviction Filings Under The CARES ACT
A 120-day moratorium on evictions beginning on the date of enactment. Landlords are prohibited from initiating legal action to recover possession of a rental unit or to charge fees, penalties, or other charges to the tenant related to such nonpayment of rent where the landlord’s mortgage on that property is insured, guaranteed, supplemented, protected, or assisted in any way by HUD, Fannie Mae, Freddie Mac, the rural housing voucher program, or the Violence Against Women Act of 1994.
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