On June 29, 2020 Governor Northam announced the creation of the Rent and Mortgage Relief Program (RMRP), which will provide $50 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding for households facing eviction or foreclosure due to COVID-19. RMRP will provide eligible households short-term financial assistance in the form of rent and mortgage payments. Virginia Rent and Mortage Relief Program is designed to support and ensure housing stability across the commonwealth during the pandemic.
Eligible households must demonstrate an inability to make rent or mortgage payments due to the COVID-19 pandemic. The monthly rent or mortgage must be at or below 150 percent of Fair Market Rent (FMR), and eligible households must have a gross household income at or below 80 percent of area median income (AMI).
Complete this self-assessment from the Virginia Department of Housing and Community Development to see if you could be eligible for RMRP.
A few things to remember when applying for RMRP:
- Since it is assumed thousands of Virginians are going to applying for these funds, there may be delays in getting information from state or local agencies.
- Understand that processing may take weeks, so patience will be essential.
- There will be requirements of landlords and of owners that you should understand. These are explained on the program’s website.
Click below for additional information about the Virginia Rent and Mortgage Relief Program.
Learn More About RMRP