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City of Tallahassee opens applications for $250K Landlord Risk Mitigation fund

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Posted at 6:10 PM, Jan 28, 2021
and last updated 2021-01-28 18:10:18-05

TALLAHASSEE, Fla. (WTXL) — On Thursday, the City of Tallahassee announced applications are open for landlords to request support from the $250,000 Landlord Risk Mitigation Fund, approved by the city commission last month.

The program offers incentives and claims to landlords who agree to partner with the city to provide housing stability for vulnerable and at-risk tenants, the city said.

"Housing insecurity is a nationwide issue that has been amplified due to the COVID-19 pandemic," said Mayor John Dailey. "As we work together to address the problem locally, the Landlord Risk Mitigation Fund is one way that we are helping to keep more of our community members in their homes."

Eligible landlords must be local, private individuals with five or fewer rental properties in Tallahassee.

Landlords may apply if a current tenant has been financially impacted by COVID-19, was previously homeless, or is facing eviction.

Landlords with vacant units are also encouraged to apply to partner in housing vulnerable tenants.

For participating landlords, the program provides allowable incentives and claims, including:

  • A $500 one-time bonus for each unit newly leased to someone exiting homelessness.
  • Up to $2,000 in excess of the security deposit to cover a portion of lost rent from a tenant in crisis.
  • Up to $1,000 in excess of the security deposit to cover damages beyond normal wear and tear, or for unforeseen expenses, to maintain habitability.

Full eligibility and application requirements and expectations are available by clicking here.