State announces details of multifamily repair, lease programs
The Texas General Land Office (GLO) has provided details about two new FEMA disaster housing programs that it is administering that may be of interest to some rental property owners.
The Texas General Land Office (GLO), which is administering FEMA disaster housing programs in Texas, has provided details about two new programs that may be of interest to some Texas Apartment Association members or rental property owners.
The Multifamily Lease and Repair (MLR) program allows your damaged property to be repaired by the GLO in exchange for leasing the repaired units to qualified FEMA-approved applicants at no charge for up to 18 months after the Hurricane Harvey disaster declaration (February 25, 2019).
Under the Direct Lease program, GLO would pay a properties a security deposit, utilities and up to $1,300/month in rent for units not typically available to the public (like corporate apartments) for residents it approves based on FEMA criteria.
Additional restrictions and requirements apply for both programs. Learn more about the GLO-managed programs.
If you have questions, would like to participate in a conference call, webinar or in-person meeting to discuss these programs, please contact David Mintz, CAE (email@example.com) to express interest, and TAA will follow-up with more information.