On August 3, 2020, the Arizona Governor’s office launched the Rental Property Owner Preservation Fund (RPOPF). This fund provides financial assistance to eligible landlords and property owners who are facing hardships due COVID-19 and struggling with lost rental income due to nonpayment by tenants.
RPOPF is the product of advocacy efforts by the Arizona REALTORS®, in conjunction with rental industry partners, to mobilize $128M in federal funding designated for rental assistance to make rental-property owners whole.
While the state association has communicated that the RPOPF is largely underfunded at $5M, this is a positive first step to ensure rent is paid.
Do you qualify for this program or know any landlords or rental property owners who are in need? Please help share this information. Grants are awarded on a first-come, first-served basis, so we encourage you to apply right away.