Arbor Realty Trust Launches Rental Assistance Program
Multifamily lender Arbor Realty Trust is launching a national $2 million rental assistance program.
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.”