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Garcetti seeks unprecedented suspension of rents, mortgages for LA residents

Via The Real Deal

In his State of the City speech, the mayor said thousands of municipal employees will likely be furloughed because of the pandemic

Los Angeles Mayor Eric Garcetti wants to suspend rent and mortgage payments for Los Angeles residents, and wants federal funding to help do it.

Garcetti addressed the issue during his State of the City speech on Sunday, in which he outlined a bleak financial outlook, and detailed the city’s plan to weather the coronavirus pandemic, according to the Los Angeles Times. Some of the grim news included the city having to furlough thousands of workers, he said…Read More