New HOPE Program Agreements

Posted By: Jon Lowder Blog ,

The Apartment Assocition of North Carolina sent the following update on recent changes to the HOPE rental assistance program:

New HOPE Program agreements are in circulation. It appears the HOPE Program has changed some of their policies as of January 22, 2021 (Note, these policy changes are not currently reflected on the program's website). We encourage all members to closely review the agreement that is sent to you prior to signing.  
 
Major changes in these new agreements are: 

  1. Removes prohibitions from evicting until end of the lease for nonpayment,
  2. Requires lease be extended to cover the period for which HOPE is paying and not ending until the end of a month,
  3. Prohibits eviction for any reason for all months covered the rental payments,
  4. Agrees to waive late fees, penalties and other charges (likely including court costs and attorneys’ fees) from April 1, 2020 to 60 days.
  5. Rental payments will likely be based on an average monthly number not the actual lease.
  6. Requires funds received to be credited first to current monthly rent, then to past monthly rents, and then to future monthly rents.

Some of the changes are in response to our conversations with NCORR, the agency administering the program. NCORR nor NC HOPE Program have officially announced these changes, but new landlord agreements are circulating and we wanted to make sure members are aware of the aforementioned changes. When the policy changes are released by NCORR or NC HOPE Program we will provide an additional update.

AANC is in communication with NCORR about these changes and we (PTAA) will provide updates on the situation as we learn about them.