Topaz Villas in Jacksonville, Florida.
NEW YORK CITY- Multifamily lender Arbor Realty Trust and its ecosystem of borrowers and property owners are extending a hand to tenants and families impacted by the coronavirus pandemic, with the launch of a national $2 million rental assistance program. The Arbor Rental Assistance Program will act as supplemental income to existing government rent relief programs, using private capital to fill the loss of income for impacted families, David Lynd, CEO of multifamily development and management firm LYND, tells GlobeSt.com. LYND is an Arbor borrower.
"The apartments we finance are homes to millions of workers who comprise the backbone of this nation," said Ivan Kaufman, president and CEO of Arbor Realty Trust, in a prepared statement. "We're all in this together, and if we all come together to help, we can make a notable difference with an eye towards the future and a recovery from this unprecedented health crisis."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
