Tolemi in 2021

For millions of housing insecure Americans, 2021 holds more fear than promise. As we write this post, the US is seeing over 2,000 deaths every day, higher than any other point during the pandemic. Jobless claims remain stubbornly high. As many as 14 million American households are at risk of eviction with an estimated $25 billion in rental debt. The promise of a vaccine adds some optimism, but realistically the public health and economic climate is not likely to improve in the near future.

Reflecting on Tolemi at the Five-Year Mark

For millions of housing insecure Americans, 2021 holds more fear than promise. As we write this post, the US is seeing over 2,000 deaths every day, higher than any other point during the pandemic. Jobless claims remain stubbornly high. As many as 14 million American households are at risk of eviction with an estimated $25 billion in rental debt. The promise of a vaccine adds some optimism, but realistically the public health and economic climate is not likely to improve in the near future.

Why many are more worried about 2021 than 2020

For millions of housing insecure Americans, 2021 holds more fear than promise. As we write this post, the US is seeing over 2,000 deaths every day, higher than any other point during the pandemic. Jobless claims remain stubbornly high. As many as 14 million American households are at risk of eviction with an estimated $25 billion in rental debt. The promise of a vaccine adds some optimism, but realistically the public health and economic climate is not likely to improve in the near future.

Renters, out-of-town landlords, and institutional investors: Who’s really bringing down the neighborhood?

The economic peril from COVID-19 has reached nearly every corner of the economy, and the threat of housing insecurity looms ominously on the horizon for millions of Americans. Today we want to focus on the plight of the homeowner, just 12 years removed from the unprecedented 2008 Housing Crisis. In the near-term, temporary measures like stimulus checks, an increase to unemployment insurance, and forgivable small business loans to cover payroll amounted to hundreds of billions of dollars injected directly into the bank accounts of homeowners. For those who lost some or all their income because of COVID-19, these temporary measures provided a lifeline through the spring and summer to continue making mortgage payments. And at the height of the pandemic, many courthouses, where foreclosure notices are be filed, were closed, effectively freezing foreclosure activity entirely. Additionally, on March 18, the Federal Housing Finance Agency (FHFA) enacted a moratorium on foreclosures for borrowers with mortgages backed by Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac that has subsequently been extended through the end of 2020, protecting 28 million single-family homeowners. FHFA also allows these borrowers the right to request forbearance for a total of 360 days.

Update

Introducing Mail Merge

We are excited to introduce the Mail Merge feature in BuildingBlocks. Now, in two clicks, you can download a CSV formatted and ready to go for your mass mailings. We even give you two options: one is addressed to ‘Resident’ at the physical address of all properties selected. The other enables you to send a mailing to every unique owner at their mailing address on file for the group of properties you’ve filtered. The owner export also includes comma-separated list of all properties owned by each owner, which can be used to populate mailers.

Inspector

Rental Property Licensing

This 40,000-person city introduced a Rental Property Licensing Program in 2003 “to promote safety, health, and habitability in rental housing. They partnered with Tolemi to create a systematic way to flag non-compliant properties—without burdening staff with hours of research resulting in greater compliance with less staff hours than before.

Glass Wall Sticky

You’ve Passed a Rental Registration Ordinance…Now What? (3 of 4)

Implementing a registration or inspection program can seem daunting. For municipalities that had no oversight of rental properties prior to passing an ordinance, it can mean the added responsibility to register or even inspect tens of thousands of units of housing. And more often than not, we’ve seen these put into place without the addition of new administrative or inspectional staff. In this series of post, we will walk you though each step of the process to make sure that your program is successful.

Register Chalkboard

You’ve Passed a Rental Registration Ordinance…Now What? (2 of 4)

Implementing a registration or inspection program can seem daunting. For municipalities that had no oversight of rental properties prior to passing an ordinance, it can mean the added responsibility to register or even inspect tens of thousands of units of housing. And more often than not, we’ve seen these put into place without the addition of new administrative or inspectional staff. In this series of post, we will walk you though each step of the process to make sure that your program is successful.