Rental Property Owner Preservation Fund
[A message from Matthew Contorelli, Arizona REALTORS® Government Affairs Director]On August 4, 2020, the Rental Property Owner Preservation Fund (RPOPF) was established by the Governor’s Office. This fund is intended to provide financial assistance to eligible landlords and property owners, who have faced hardships, directly or indirectly, due to the impact of the coronavirus; and are struggling with lost rental income due to nonpayment by their tenants.
The creation of this fund is the product of the Arizona REALTORS® advocacy efforts, in conjunction with rental industry partners, to mobilize the $128M in federal funding designated for rental assistance and make rental property owners whole. While the REALTORS® have communicated that the RPOPF is largely underfunded at $5M, this is a positive first step to ensure rent is paid. HERE you will find a RPOPF program summary, outlining eligibility requirements, grant amounts, application links and other helpful information. Grants are awarded on a first come, first served basis, so we encourage you to apply promptly.
Thank you,
Matthew Contorelli, Government Affairs Director
matthewcontorelli@aaronline.com
602.248.7787, ext.481
download the AR summary - learn more and apply
review other grants from the Arizona Governor's Office
