#699 - Why King County has spent just $6.5 million of its $145 million in federal rent assistance
News For Reasonable People
English - August 26, 2021 10:00 - 33 minutes - 23.2 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In the race to distribute millions of dollars in rent assistance to thousands of tenants, King County is lagging behind its neighbors.
The state’s most populous county says it has distributed $6.5 million, or 4.5%, of $145 million in available federal funding to help struggling renters and landlords.
Pierce County has spent about 59% of $53.4 million in federal and state money, and Snohomish County has spent about 47% of $57.8 million, according to county spokespeople.
King County says the process of building a new data system to manage the federal funds has slowed the distribution of money, along with new federal requirements for verifying tenant and landlord information.
Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.
https://www.seattletimes.com/business/real-estate/king-county-lags-in-distributing-rent-assistance-for-tenants-landlords/
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