The fund will largely go toward paying back rent for eligible residents who apply for the program, but it could also be used to pay utilities that are in arrears or other household costs.
Evictions though the end of September will be barred if a tenant can prove that COVID-19 has financially affected the household.
The current moratorium that prohibits evictions is set to expire at the end of July, but the City Council could extend it one more month Tuesday night.
The city’s current moratorium runs through July 31, but Tuesday night the council asked for more information about how the Los Angeles County moratorium could impact Long Beach renters before it makes its decision.
Renters will now be able to miss payments through July 2020 and have until July 2021 to make up those payments under the new ordinance.
The new moratorium will run through July 2020 and renters would have 12 months to make up any payments they missed during that period.
The current moratorium is set to expire at the end of the month but proposed changes could extend it to August and repayment of back rent to next May.
The City Council voted Tuesday to institute an emergency ban on evictions stemming from tenants inability to pay due to the coronavirus.
The emergency ordinance, which would block COVID-19-related evictions, could be finalized on as soon as March 24.