President Donald Trump has quashed hopes for a new federal stimulus package before the presidential election in November. And that could leave America’s renters and landlords in a lurch.
All told, some 30 to 40 million Americans face the threat of eviction as a result of the pandemic. Last month, the Centers for Disease Control and Prevention took historic action by issuing a nationwide moratorium on evictions. Public-health experts worried that if millions of people were kicked out of their homes, it could exacerbate the spread of COVID-19 and complicate efforts to reduce transmission.
“The president has threatened to collapse the rental market with his egregious inaction,” said Noëlle Porter, director of government affairs at the National Housing Law Project. The Democratic-controlled House of Representatives last week passed a $2.2 trillion package that included $50 billion in emergency rental assistance funds, while extending a ban on evictions for 12 months. The legislation also earmarked up to $80 million per state for a homeowner assistance fund.
Housing advocates and rental industry officials have argued that lawmakers need to approve around $100 billion in emergency rental relief to stave off an eviction crisis, though some argue that more money than that is needed. Some reenters could now go many more months with receiving financial support, digging them in a deeper hole that will be all the more difficult to get out of once the CDC’s eviction ban lifts in January, advocates say.
Or you could just open up the economy and allow people to work?
I wonder if these are democrat states? I thought I was too old to work 10 years ago. Now I have so much work, I might finally get caught up. I hear young people don't want to work anymore. Maybe they should join the military. That's what my son did. Bright future with college.
Imagine another “big short”
Yep One of them is going to have to pay a bill eventually . That's the way the world works.
Debters would have better leverage if the housing market wasn't still steady. For everyone getting forced out there's someone planning there big move in.
Hey, I said to yell at the banks, not landlords, and not tenants. The banks should give everyone more time instead of drooling over potential property grabs. I yelled about this earlier. The banks should give landlords breaks the way the landlords are giving tenants breaks.
He said he would sign a bill for 1,200$ to the people!!!!! Not to all the other BS she wants!!! Fuck Nancy and the Dems!!!
Democrats are not serious about negotiations !
oh man usa turning into a real sheethole =[
Nancy, said, not till after the election...trump won’t let u down..never has
Who is riding this crappy column? Some 12-year-old?
Blah blah blah. Thanks for your communist commentary.
Media to the rescue