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When $25B won’t make a dent…
U.S. Renters Could Owe $70 Billion By January, when the federal eviction moratorium expires, 11.4 million households in the U.S. might be more than three months behind in their rent, or $6,000 each. By: Kriston CappsDecember 10, 2020, 11:36 AM Between past due rent, late fees and unpaid utility bills, Americans may collectively owe $70…
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COVID – 19 Relief Bill – A Review of the Housing Provisions
The Covid-19 relief bill was just posted and includes the following provisions that will impact housing: Emergency Rental Assistance – There is $25B for rental costs including back rent, forward rent (limited to 3 months at a time), utility and other qualifying housing expenses. This will be targeted to 80% Area Median Income and below…
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FHFA Extends Foreclosure Moratorium Through January
The Federal Housing Finance Agency has announced that single-family homeowners with mortgages backed by Fannie Mae and Freddie Mac will be protected from foreclosure for at least another month. The moratorium, previously set to expire on December 31, will instead last through January 31, if not later. The moratorium also applies to evictions. “This extension…
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‘The pandemic should be a wake-up call’: Neighborhoods that were redlined are more vulnerable to COVID-19, research suggests
Published: Sept. 15, 2020 at 3:28 p.m. ETBy Jacob Passy Neighborhoods that were historically barred from mortgage lending continue to see a greater prevalence of chronic diseases, leaving residents more vulnerable to complications from COVID-19. The legacy of redlining lives on today in terms racial disparities in wealth and education. And now with the coronavirus pandemic ravaging…
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CDC Issues Temporary Halt in Residential Evictions To Prevent the Further Spread of COVID-19
The Centers for Disease Control and Prevention (CDC), located within the Department of Health and Human Services (HHS) announces the issuance of an Order under Section 361 of the Public Health Service Act to temporarily halt residential evictions to prevent the further spread of COVID-19. Moratorium Summary: This Order continues the expired CARES ACT evictions…