League urges for emergency rental assistance

Published by: Emily Leite

June 24, 2020 | Government Affairs

While the pandemic’s economic fires continue to blaze, Ohio credit unions are opening their lobbies and providing critical support to remedy members’ financial situations. Unfortunately, many Ohioans will continue suffering severe economic hardship, jeopardizing their ability to maintain affordable rental housing. That’s why the League, along with dozens of Ohio consumer and housing advocates, collectively urged Governor Mike DeWine to deploy at least $100 million from Ohio’s federal share of the Coronavirus Relief Fund (CRF) for emergency rental assistance to unemployed tenants. Credit union members who cannot pay rent may struggle to find employment, make other payments, and secure future housing. As a result of decreased rental income, landlords with current mortgage loans may not be able to meet mortgage obligations, leading to an eviction and foreclosure crisis that puts additional strain on credit unions and a struggling economy. Extending additional CRF assistance will provide immediate relief to Ohio tenants and property owners, protecting the state’s economy from further damage.

The League will continue to monitor any CRF disbursements and provide helpful resources your credit union can offer to your members. If you have questions or would like additional information, please contact League SVP of Advocacy Emily Leite.

CONTACT US

E: eleite@ohiocul.org
T: (614) 923-9770
C: (614) 581-8460

Other Movement News

Government Affairs

Advocacy on track at Churchill Downs

Ohioans and communities are best served when credit unions and regulators work together to cultivate a financial services industry that puts people first. That is why the Ohio Credit Union […]
Regulatory

League advocates for an updated CTR threshold

Constantly increasing regulatory pressures put a strain on a credit union’s resources and ability to focus on what matters most: serving members; thus, the League is always looking for opportunities […]
Member Benefits

Unlocking Strategic Insights with Peer Suite

Data-driven decision-making is paramount for credit unions striving to grow and better serve their members. Recognizing this need, the League offers Peer Suite as a powerful member benefit. This comprehensive […]