City Announces Additional $30 Million in Funding for Rental Assistance and Small Business Relief

“This additional $30 million is essential to help small businesses and renters struggling as a result of the COVID-19 pandemic,” said City Council President Darrell Clarke. “We need to do everything in our collective power to help keep businesses open, employees working, and renters and residents safe in their apartments and homes. This added funding is welcome news.”

This latest allocation of funds brings the City’s direct support for small business assistance to $38.7 million and for rent relief to $39.4 million. When combined with other state and philanthropic funding sources, small businesses and nonprofits in Philadelphia will have received over $100 million in support and nearly $68 million has been spent or committed for helping Philadelphia renters.

Rental Assistance
Federal CARES Act funding allowed the City to provide two phases of rental assistance to help tenants and landlords impacted by the pandemic-creating PHLRentAssist[1]. Nearly 13,000 Philadelphians applied for Phase 1[2] rental assistance, which is serving 4,000 households with up to $2,500 in aid. Phase 2[3] rental assistance was made possible by Pennsylvania’s PA-CARES Rent Relief Program, which allows the City to serve over 10,000 additional households.

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