Reading some data that @faizahmalik sent over on the crisis facing renters. Billions are owed in unpaid rent and many tenants are Black/brown. A key issue that leaders must tackle is reframing that rent debt: months and months of unpaid debt must be re-valued...

There may not be enough resources to relieve all rental debt IF it is taken at face-value, but if leaders are willing to create a system where landlords can recoup a portion of unpaid rent debt in exchange for full tenant relief, more landlords and tenants can benefit.

This re-valuation is common, especially in finance, unpaid or "bad" debts are re-valued and sold in secondary markets. Local governments should use rental relief $ to broker deals where landlords can keep their properties and tenants can be relieved of all unpaid debt.

This idea is central to the @HealthyLA_Coa platform for "cancelling rent and mortgages." It's a rational tool that addresses the limitations of historic rent relief programs and maximizes our limited public resources. We have to make a deal that support owners and renters!