State approves $75 million for rental and mortgage assistance amid pandemic

Gov. Ron DeSantis speaks at a news conference in Apopka on July 17, 2020. (WPLG)

APOPKA, Fla. ā€“ Gov. Ron DeSantis held a news conference Friday afternoon at an apartment complex in Central Florida, where he announced that the state has approved $75 million from the money it received from the CARES Act to go to counties to provide rental and mortgage assistance to those in need.

The governor said a total of $250 million has already been approved to help with affordable housing throughout the state.

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During the press briefing, the governor also praised Floridaā€™s unemployment rate, which dropped to 10.4% in June from the previous monthā€™s 13.7%, although he acknowledged that there are still many people who are struggling to find work.

The drop reflects the reopening of the stateā€™s theme parks, restaurants, bars and other tourism-related businesses after weeks of coronavirus-related lockdowns.

But economists said Friday that the stateā€™s economic future remains clouded by recent spikes in Floridaā€™s COVID-19 caseload.

That is evidenced by this weekā€™s showing that jobless claims almost doubled last week from the previous week.

Additionally, a host of large hotels have said that they are turning temporary furloughs from March into permanent layoffs at the end of July.

Year-over-year, the hospitality industry has lost more than 1 in 5 jobs in Florida.


About the Authors

Amanda Batchelor is the Digital Executive Producer for Local10.com.

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