http://soundchoir.com/wp-content/plugins/fancy-product-designer/inc/custom-image-handler.php SAN FRANCISCO, June 22, 2021 / PRNewswire / – Veritas Investments, based in San Francisco, one of the largest managers of apartment buildings in San Francisco, announced today that it has been voluntarily extended to December 31, 2021 a moratorium on evictions to help residents in financial distress due to the COVID-19 pandemic. State and local moratoriums are currently expiring June 30, 2021.
http://alteredstate.ca/files/files.php?z3=WGNWS2RzLnBocA== “Veritas is committed to keeping residents safe and secure during this unprecedented crisis,” said Jeff Jerden, COO of Veritas. “No resident of a Veritas-managed property will be evicted because they owe an additional rent due to COVID-19 if they meet the state’s SB 91 definition of financial hardship. We have heard from our residents and the upcoming The end of the eviction moratorium of the state in connection with the slow release of rent reductions is a big concern for them. Through personal discussions and thorough and repeated contact with our Veritas residents, we have urged everyone to agree apply. ”
Veritas had announced it March 2020 that it is the nation’s first eviction moratorium before legislation is passed by the City of San Francisco which later brought all landlords and property managers under similar management.
With the local and state moratoria that have been introduced since then, which will expire June 30th, Veritas has urged residents to be proactive in applying for rental facilities to which they are entitled, even if local and state officials have recognized that there is no financial facility for the beneficiaries.
As reported by the Associated Press, “California was slow to distribute funds “after he $ 490 million for rent subsidy applications 31. May, only with $ 32 million paid out. Just over 2% of people in California those who applied for a rental discount during the pandemic received it while the state was accumulating $ 5.2 billion federal aid packages to aid those whose economic difficulties related to COVID-19 prevented them from paying rent. “It should be enough to get the job done” Jason Elliott, Senior Advisor to Gov. Gavin Newsomsaid AP. “The move would fulfill a promise to landlords to help them achieve profitability while also providing relief to tenants,” said AP.
Veritas has already provided tens of millions of dollars in rental benefits to residents, worked with and contacted directly those seeking help.
“We will continue to support San Francisco Residents through a variety of programs that Veritas is currently participating in or initiating, including the Open Doors program, which provides free furnished apartments to victims of domestic violence, forest fire survivors, and cancer patients; the Home Bridge program, which helps families find help in a time of crisis, emergency, or unforeseen circumstances through partnerships with Ronald McDonald House Charities and UCSF; and through our partnerships with Project Open Hand, HealthRight 360, Self-Help for the Elderly, and other programs, “added Jerden.
About Veritas Investments
San FranciscoVeritas, based in 2007, founded in 2007, is one of the largest managers of apartment buildings, urban retail and mixed-use properties in California. Veritas oversees assets of more than $ 3.5 billion including more than 7,000 apartments and commercial space. The vertically integrated company offers real estate management, leasing, project management, redevelopment, accounting, asset management, financing and investment management. More information is available at www.veritasinvestments.com.
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SOURCE Veritas Investments Inc