Since we already have a virtual / work from home policy in place, we are prepared to meet the needs of our community.
We remain open for business to serve you, but have made a few adjustments in maintenance to assist in preventing the spread of COVID-19. Since we don’t want to expose you to unnecessary contact, we will put all non urgent maintenance requests on hold until it is safe to do so. However, if there is an urgent maintenance issue (affects your safety or health), we will do all we can to ensure the issue is addressed as soon as possible. We just ask that you please be patient with us as during this pandemic.
We encourage you to be proactive in fighting the spread of COVID-19.
We encourage you to follow the guidelines set out by the CDC to help slow down the progression. If you are sick and are unable to get out to get food, please let us know so that we can find ways to help.
We know the COVID-19 virus is affecting many with their employment.
The federal, state, and local governments have been working hard to provide programs to help us all through these hard times. This includes a federal stimulus package, expanded unemployment benefits, utility payment assistance programs, and more! We’ve been doing research to find as many programs available to our resident community! Below is a list of programs/benefits that you may be able to take advantage of. Please check back regularly, as we will update this as more information comes out.
There are several options to consider and several benefits to explore.
If you find yourself in a financial hardship, we ask you to be proactive and take a look at these benefits and options. Additionally, if you have lost all ability to pay rent, including losing your job, your other sources of income, your unemployment has run out, and no government assistance comes to fruition, then please call us as soon as possible so we can help you go over your options. Communication is key and urgent!
These are hard times for the entire country. Please know that you are not alone in this. Our goal at all times (not just during this pandemic) is to keep an open conversation with everyone to see how we can serve you all. If you have any other questions or concerns not addressed here, please do not hesitate to contact us.
Federal Stimulus Package:
- The IRS published an easy to read FAQ page. Here are some highlights:
- As much as $1,200 for individuals or $2,400 for married couples
- $500 for each qualifying child
- Money may be automatically deposited into the account used for either 2018 or 2019 tax filings
- Tax deadline has passed (July 15, 2020).
- For more information, check out www.irs.gov/coronavirus
IRA / 401(k) Withdrawals:
- You may be eligible for a penalty free early withdrawal of your 401(k) or IRA. Review the IRS guidelines and/or consult with your financial advisor.
- Read this article - "New Stimulus Bill Unlocks IRA and 401(k) Dollars for Financially Affected" by Mat Sorensen.
Unemployment / Food Stamps:
- Washington State Employment Security Department has expanded unemployment benefits to those whose employment has been affected by COVID-19.
- Click here for information about the Supplemental Nutrition Assistance Program (Food stamps).
- Click here to see if you qualify for food stamps.
- If you are experiencing a period of unemployment, please contact us as soon as possible to discuss what your options are.
Rental Assistance and Utilities:
- NEW!! Tenant-Based Rental Assistance Program (TBRA). The City of Lakewood’s COVID-19 Emergency HOME Tenant-Based Rental Assistance (TBRA) Program will provide financial assistance to low income individuals and families in the City of Lakewood who are experiencing a financial hardship due to the COVID-19 pandemic. The program will provide one-time payments of up to $4,000 per qualifying household to help pay past-due rent from March 13, 2020 through December 31, 2020. No assistance may be provided after December 31, 2020.
- Veterans Emergency COVID-19 Assistance Program. Recipients are eligible to receive up to (3) months for rental assistance.
- Exodus Housing. Their mission is to provide service to end homelessness and domestic violence.
- Rental Assistance for Lakewood! Residents can apply for a one-time rent assistance for up to $1500 paid directly to the landlord.
- Pierce County Housing is now offering rental assistance to residents affected by COVID-19! Job loss or reduction of hours is not a requirement for eligibility.
- Washington State Low Income Home Energy Assistance Program (LIHEAP), which is a program to help Washington State households maintain affordable, dependable utility services and avoid shutoff during this crisis. Though this program is focused on low income residents, it has been expanded to those who are experiencing financial hardship during the COVID-19 crisis.
- Many utility companies are already working on programs to work with residents by expanding bill assistance programs.
- Lakeview Light & Power customers who are experiencing a hardship due to COVID, and are struggling to pay their bill, may call (253) 584-6060 and speak with a Customer Service representative.
Small Business Administration (SBA) Loans:
- The SBA is making it easier for small businesses to apply for SBA loans to help with the financial hardships due to the COVID-19 virus.
- Here is an excellent article about the SBA Disaster Assistance Bill (CARES Act) that shows the highlights of the SBA loans.
- Biggerpockets Business Podcast #50 - "The Disaster Loans That Could Save Your Business."
- Live Q&A on the Stimulus Act with Mark Kohler of KKOS Lawyers.