After a passionate debate Thursday, the City Council voted 6-5 to reject District 1 Councilman Roberto Treviño’s proposal to grant tenants an extra 60 days to resolve overdue rent during the Covid-19 pandemic.
As delinquency has spiked at its properties, the San Antonio Housing Authority (SAHA) has offered to forgive 25% of rent due in June, while also contributing $350,000 to the city’s cost of living emergency assistance fund during the coronavirus pandemic.
This Thursday, the City Council is scheduled to consider an ordinance by District 1 Councilman Roberto Treviño that would give renters impacted by the novel coronavirus an extra 60 days to pay overdue rent. But it has its critics.
The looming specter of economic depression has become a significant threat to the real estate industry and both renters and landlords amid COVID-19 turmoil.