California to pay off unpaid rent accrued during COVID-19 pandemic

California will pay off the accumulated unpaid rent that has piled up during the COVID-19 pandemic, the AP reports.

Why it matters: The move would fulfill a promise to landlords to help them to break even, while giving renters relief, the AP writes.

The big picture: A little over 2% of people in California who have applied for rent relief during the pandemic have received it, KQED reports.

The state has accrued $5.2 billion from various federal aid packages to pay off people's rent, which should be enough to get the job done, Jason Elliott, senior...