City Considers 'Mitigation' Fund for Landlords Who Rent to the Homeless
The city may be about to follow the lead of several other communities around California and the nation by establishing a “risk mitigation fund” as an incentive to landlords who are reluctant to rent their units to the homeless.
Mayor Michael Tubbs’ office has proposed Stockton establish the $50,000 fund, which would reimburse landlords if they rent to homeless residents, and those residents subsequently damage property, are late on rent or force a long and costly eviction process.