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.