covid-19 resident relief
Help Colorado Renters Affected by COVID-19
The Colorado Apartment Association (CAA) has partnered with the Resident Relief Foundation (RRF) to create a financial relief fund that will directly help Colorado residents who are struggling to pay their rent because of coronavirus-related job or income loss or illness.
The Resident Relief Foundation is a 501(c)(3) nonprofit organization that provides rental assistance grants to responsible residents during temporary emergencies. CAA has joined the effort to bring this funding to Colorado and encourages anyone with the financial means to contribute to RRF’s Colorado fund and directly support fellow Colorado residents with upcoming rent obligations.
THE RESIDENT RELIEF FOUNDATION is driven by a single goal: to help responsible residents stay in their apartments during an unexpected financial emergency.
Whether it’s a temporary work/job interruption, a car accident, a medical emergency or something similar, sometimes a person just needs a little help to get through a short dip in financial stability to keep going on their own.
THE COLORADO APARTMENT ASSOCIATION is a non-profit trade association representing owners, developers, management companies, and vendors of the multifamily rental housing industry. The association represents over 3,100 members who own and manage over 282,000 apartment homes.
CAA is supporting Resident Relief Foundation by matching donations made by its members up to $30,000.
RESIDENT GRANT APPLICATION
If you are a Colorado resident who is delinquent on April and/or May rent and needs help paying rent, please contact the Resident Relief Foundation to apply for financial assistance. Rental relief is available for qualifying residents on a first-come, first-served basis.
- Zvi Rudawsky
- Boutique Apartments
- Avanti Residential
- Mike Zoellner (ZF Capital)
- BH Management
Frequently Asked Questions
The Resident Relief Foundation is a national 501 (c)(3) nonprofit organization with the purpose of helping responsible residents stay in their apartments during an unexpected financial emergency.
To be a bridge that helps responsible residents stay in their homes during an unexpected financial emergency that is outside of their control. We provide qualified residents housing stability during a chaotic time and help them avoid a forced move or worse, eviction and homelessness.
Yes, the RRF uses objective criteria to comply with the Federal Fair Housing Act. The resident must apply for the funds and qualify.
The RRF recently launched a multifamily industry fundraising effort to support renters who are having trouble making rent payments during the coronavirus pandemic. The goal of the initiative is to collect $10 million in donations nationwide so that more residents stay in their homes and more housing providers can maintain their units and avoid foreclosure. CAA is joining this effort to bring these funds to Coloradans.
Yes, several management companies whose residents have received grants include but aren’t limited to: Pinnacle Living, Greystar, Wasatch, FPI, Alliance Residential, Equity Residential, AMC, Avenue 5 and Sares Regis.
Yes, CAA has organized a specific relief fund which will dedicate all monetary contributions, made through the links provided, directly to Colorado renters.
The grants are not earmarked for CAA members and their residents but are for any resident in Colorado who qualifies. The funds will be used to help renters pay their rent to Colorado housing providers, which supports the Colorado rental housing community as a whole. Housing providers are not notified of the application until the rental history verification is requested. Residents apply directly to the relief fund.
The average national grant is $2,100. However, grants vary in all sizes based on need. If a resident has $300 left to pay on May rent and qualifies, that grant will be $300. The average rent in Denver is approximately $1,500, therefore we believe that the grant size for the state will reflect Colorado rental costs.
Residents with a good rental history can qualify for partial-to-full rent payments if they have experienced coronavirus-related job or income loss or illness. RRF will examine a resident’s credit scores and bank statements and verify the resident’s payment status with their housing providers. Those seeking relief must also produce proof of upcoming eviction and filing of demand.
Housing providers will be asked to transmit a ledger showing a resident’s payment history. Verbal, written or email confirmation are not accepted, only ledger documentation. This practice is to reduce errors or to limit well-intentioned housing providers from circumventing the rule of “good prior payment history required.” Housing providers will also be asked to verify amount owed and status of process.
Recipients of the funds are required to complete a short, but comprehensive online course on financial education before the funds are distributed. The RRF realizes that the coronavirus crisis is a special circumstance, but residents are still required to complete of the course.
The RRF grants are paid directly to the owner, housing provider or management company per the lease. The money is never paid directly to the resident.
We understand that many of our members have already determined charitable giving for the year, and we encourage members to continue to contribute to these nonprofits. However, we ask that you consider allocating a minimum of 10% of your donations to the RRF relief fund to help coronavirus-impacted residents.
Yes, the organization will match donations up to $25,000 that are made through CAA’s Colorado fund.
If you are interested in donating to the effort, please click here to access CAA’s Colorado fund.
If your residents need help paying rent, please post the RRF application link on your website or send to your residents via email so they can apply for the funds. The relief funds will be given on a first-come, first-served basis, so please encourage your residents to reach out as soon as possible. Please remember that residents must have been issued a demand notice and must qualify for the funds, it is not a guarantee. Housing providers are not required to participate in a program of sorts to receive the funds, but they are required to verify payment history.
Yes, we ask CAA members to reach out and connect with at least 25 friends and family members and ask that they support the RRF effort.
The number of residents who benefit from this fund is dependent upon how many donations are raised More importantly, this relief fund demonstrates to CAA members and residents that housing providers care and are doing as much as possible to help impacted residents during this time.
Yes, the Resident Relief Foundation is a 501 (c)(3) and the donations made are tax deductible.
By helping Colorado residents pay their rent, we are directly stimulating the economic health of the housing industry and giving housing providers the funds they need to cover necessary payments of mortgage, payroll, insurance, taxes, supplier services and more. Our goal is that residents can stay in their homes. Not only will this fund help give Coloradans a clean and safe place to live, but it will help keep our housing ecosystem heathy.