Domos Rossmore LLC offered a 90-day rent forgiveness program from April 1 through June 30 to assist residents at 410 North Rossmore in Hancock Park. This program was designed to significantly help the residents navigate the financial challenges presented by the COVID-19 crisis. There will be no obligation to repay missed and forgiven rents after the local emergency expires.
“It is our responsibility to make every effort to protect the well-being of our residents whose needs go beyond what has been provided by the local and federal government,” said Daniel Alexander, principal of Domos. “Though our project has not received any government aid or mortgage forbearance, we know that helping our residents during these uncertain times is just the right thing to do.”
Alexander worked in tandem with Richard Loring, director of design and construction, to develop this program.
“We are so happy to be able to offer this program to our residents,” Loring said. “They have been wonderfully accommodating and patient with us, as we have worked to take over the management of the building and to put our redevelopment plans in place.”
Included in the circumstances of this plan is loss of income due to workplace closure or reduced hours, loss of income or increased child care expenditures due to school closures, health care expenditures related to being ill with COVID-19 or caring for a household member who is ill with COVID-19, and loss of income relating to reasonable expenditures stemming from government-ordered emergency measures. Additionally, Domos Rossmore LLC is suspending monthly payments for parking spaces.
To learn more about Domos Rossmore LLC’s rent forgiveness program, contact Christine Anderson at firstname.lastname@example.org or Maggie Diamond at email@example.com.
-This article was updated on July 2 to reflect that the the rent forgiveness program ran from April 1 through June 30.
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