The Rental Property Owner Preservation Fund (RPOPF), established by the Governor’s Office, provides assistance to rental property owners across the State of Arizona who are facing rental income issues due to the COVID-19 pandemic. A property does not have to be at risk of foreclosure in order to be eligible for this funding. This program utilizes funds from the Emergency Crisis Contingency and Safety Net fund to provide the needed assistance to eligible landlords and property owners, who have faced hardships, directly or indirectly, due to the impact of the coronavirus and are struggling to make their mortgage payments as a result of non-payment from tenants.
The program’s goal is to aid Arizona’s rental property owners in avoiding foreclosure by assisting with lost rental income due to nonpayment by their tenants. A total of $5,000,000 dollars will be available for the Rental Property Owner Preservation Fund. Small and large rental property owners, as defined below, may apply for funding outlined in the eligibility tab of this solicitation.
Link to Program information and application: https://gn.ecivis.com/GO/gn_redir/T/51fy0fcw0vnm