Small Property Owner Assistance Program
The Small Residential Property Owner Program application period is open from Thursday, October 15 through Sunday, November 29.
Application Questions? Contact: PropertyOwnerGrants@smcgov.org
FREQUENTLY ASKED QUESTIONS
PROGRAM OVERVIEW QUESTIONS
What is the Small Property Owners Assistance Program?
What are the grant amounts?
Do the grants need to be repaid?
Who is eligible for grants?
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Live in San Mateo County, including within any incorporated city or unincorporated area of the County; and -
Lease/rent residential rental properties in San Mateo County, including within any incorporated city or unincorporated area of the County
What rental units are eligible for grant relief?
To be eligible for relief, rental units must meet all of the following criteria:
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Be located in San Mateo County, including within any incorporated city or unincorporated area of the County; and -
Was occupied, during the period of April 1 through August 31, 2020, by tenant(s) who had occupied the unit for at least 30 days (short-term and vacation rental properties are not eligible for relief); and -
The tenant(s) of the unit have paid less than the full rent due during the period of April 1 through August 31, 2020 as a result of COVID-19, resulting in a loss of rental income to the property owner(s); and -
Must not have code violations or unaddressed public liens
Can a property owner apply for grants for multiple units?
What are the rent waiver conditions of the grant?
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Example #1: $5,000 in rental losses, $5,000 back-rent discharge, $4,000 awarded grant, $0 back-rent owed by renter -
Example #2: $7,500 in rental losses, $7,500 back-rent discharge, $6,000 awarded grant, $0 back-rent owed by renter -
Example #3: $10,000 in rental losses, $7,500 back-rent discharge, $6,000 awarded grant, $2,500 back-rent continues to be owed by renter
How will grants be paid to qualifying property owners?
APPLICATION PROCESS QUESTIONS
How can property owners apply?
Online applications for the Small Property Owners Assistance Program will be accepted at www.smcstrong.org/smallpropertyownergrant. The application period will open October 15, 2020. The application and any updates will be posted at www.smcstrong.org/smallpropertyownergrant.
How long will applications be accepted?
Is the program first come, first served?
Will priority be given to certain eligible units?
What information will a property owner need to submit for the application?
- Νame and address;
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Full tax returns from 2018 and 2019; -
Completed W-9.
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Property address and APN; -
Most recent property tax statement; -
Proof of ownership, such as property tax statement, deed of trust, trust certificate court order, etc. (see ownership FAQs below); -
Current rent agreement or signed affidavit that unit currently has a tenant, with associated bank statements; -
2020 rent roll or year-to-date bank statements for 2020.
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The property owner’s primary residence is located in San Mateo County; -
Property lost rental income between April 1, 2020 and August 31, 2020 due to the economic impacts of COVID-19; -
Property has no code violations; -
Property has no unaddressed public liens; and -
If selected as a grantee, property owner will discharge back-rent owed in an amount equal to the amount of rental losses between April 1 and August 31, 2020 up to a maximum forgiveness amount of $7,500.
How will I know the financial information I submit with my application is secure?
A secure online portal has been created for submission of the application and all supporting applicant confidential financial documentation. San Mateo Credit Union Community Fund is conducting the underwriting for this grant program, and all applicant information reviewed by the Community Fund will be subject to the Credit Union’s privacy policy (www.smcu.org/Financial-Wellness/Security/Privacy-Center/Privacy-Policy).
PROPERTY OWNERSHIP QUESTIONS
What is the Small Property Owners Assistance Program?
What are the grant amounts?
Do the grants need to be repaid?
Who is eligible for grants?
-
Live in San Mateo County, including within any incorporated city or unincorporated area of the County; and -
Lease/rent residential rental properties in San Mateo County, including within any incorporated city or unincorporated area of the County
What rental units are eligible for grant relief?
To be eligible for relief, rental units must meet all of the following criteria:
-
Be located in San Mateo County, including within any incorporated city or unincorporated area of the County; and -
Was occupied, during the period of April 1 through August 31, 2020, by tenant(s) who had occupied the unit for at least 30 days (short-term and vacation rental properties are not eligible for relief); and -
The tenant(s) of the unit have paid less than the full rent due during the period of April 1 through August 31, 2020 as a result of COVID-19, resulting in a loss of rental income to the property owner(s); and -
Must not have code violations or unaddressed public liens
Can a property owner apply for grants for multiple units?
What are the rent waiver conditions of the grant?
-
Example #1: $5,000 in rental losses, $5,000 back-rent discharge, $4,000 awarded grant, $0 back-rent owed by renter -
Example #2: $7,500 in rental losses, $7,500 back-rent discharge, $6,000 awarded grant, $0 back-rent owed by renter -
Example #3: $10,000 in rental losses, $7,500 back-rent discharge, $6,000 awarded grant, $2,500 back-rent continues to be owed by renter
How will grants be paid to qualifying property owners?
In challenging times like these, it’s more important than ever that we all pull together.
Thank you for visiting this page and for your generosity.