1. Money
Erin Eberlin

Landlords Called to Help Victims of Hurricane Sandy

By November 17, 2012

Follow me on:

In the aftermath of Hurricane Sandy, thousands of people have been displaced from their homes. With the temperatures dropping and the shelters reaching capacity, the government is calling on landlords with vacancies in their rentals to help out.

In New York, discussions have begun about implementing a program which would match up landlords with those in need of shelter. The landlord would receive a voucher from FEMA which would cover up to $1800 of the displaced hurricane victim's rent.

While landlords have been eager to help, many are concerned that the $1800 voucher is not enough to cover the market rent for their properties. They want to help, but they also want to make sure they are not losing too much money in the process.

Hopefully, a compromise can be reached. Perhaps FEMA can first focus their search on apartments that would have a market rent of $1800 or less. Once those options have been filled, they can consider increasing the maximum value of the voucher or supplementing it with charitable contributions. At times like these, everyone needs to make sacrifices for the greater good of the community.

Suggested Reading:
Emergency Plan for Your Property
Landlord's Responsibilities to Their Community
No comments yet. Leave a Comment
Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>
  1. About.com
  2. Money
  3. Landlords & Property Investments

©2014 About.com. All rights reserved.