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Last modified
11/19/2020 3:48:25 PM
Creation date
11/19/2020 3:47:19 PM
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Contracts
Company Name
NEWHOPE VILLAGE APARTMENTS
Contract #
A-2020-158-41
Agency
Community Development
Council Approval Date
8/4/2020
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ATTACHMENT INFORMATION RELATING TO THE CORNONAVIRUS <br />EMERGENCY RELIIEF FUND APPLICATION <br />FOR: NEWHOPE VILLAGE APARTMENTS <br />311, 313, 315 SOUTH NEWIIOPE STREET, SANTA ANA, CA 92704 <br />Please be informed that Newhope Village Apartments implemented a rent increase March 1, <br />2020 for current tenants and the rental rate for new tenants was established at a higher rate than <br />the rent increase. <br />Thus, the total rent collected for the time period of 1/1/2020 thru 6/30/2020 reflects an increase <br />from 2019's rent collection at the end of June 2019. <br />Due to this pandemic, the decision was made to put many capital expenditures in hold and <br />reserve cash flow, not knowing how this emergency would affect our tenant's abilities to pay <br />their rent(s) on time. The goal of Newhope Village Apartments is to move forth with these <br />capital improvements in the near future. <br />Thank for your consideration of our Coronavirus Emergency Rental Relief Fund Application. <br />
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