RICHMOND, Va. – Governor Ralph Northam has launched the Virginia Rent and Mortgage Relief Program (RMRP) which will provide $50 million in federal CARES Act funding to help households facing eviction or foreclosure due to the COVID-19 pandemic.
The RMRP will help provide short-term assistance in paying rent or mortgage payments.
The Department of Housing and Community Development will administer the $50 million program through a variety of partners, including nonprofit organizations and local governments, which will receive upfront funds that they will distribute on behalf of eligible households. Individuals and families receiving funding will also be connected to housing counseling and receive other technical assistance.
Eligible households must demonstrate an inability to make rent or mortgage payments due to the COVID-19 pandemic. Monthly rent or mortgage must be at or below 150 percent Fair Market Rent, and eligible households must have a gross household income at or below 80 percent of area median income.