A Florida landlord of over 500 housing units has come up with a novel way to alleviate rent arrears for the tenants by pledging to forgive $100 of overdue rent for every hour a tenant volunteers at a recognized nonprofit charity. Staffers at the Contemporary Housing Alternatives of Florida (CHAF), providing affordable housing for low-income families across Pinellas County, grew concerned for their tenants amid the CCP virus pandemic. Around 20 percent of their tenants owed rent due to losing income since March 2020 reports Tampa Bay Times. It was the nonprofit’s director of property management, Holly Butler, 48, who dreamt up the rent forgiveness scheme. “I thought it might be a kooky idea, but I pitched it,” she explained. Butler’s team was on board, calling it the “Back on Track” program and offering the deal to any of their tenants who had lost work or hours because of the …
Landlord Offers Tenants $100 Reduction in Rent Arrears for Every Hour Given to Charity Work
January 16, 2021
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