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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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How to solve Florida’s large-scale affordable housing crisis
By Mike Vogel | Florida Trend | 9/25/2020 … Affordable housing means different things — market rate vs. subsidized, for example — to different people. At a housing forum in February, Suzanne Cabrera, CEO of the Housing Leadership Council of Palm Beach County, remarked that a manufacturer paying starting engineers $85,000 a year had trouble…
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Florida foreclosure filings trend up as some fear a fall wave awaits
By John Haughey | The Center Square | 9/20/2020 Gov. Ron DeSantis extended Florida’s eviction and foreclosure moratorium until Oct. 1 last month, delaying what some fear will be a wave of foreclosures across the state once the ban is lifted. Those fears are justified if trends documented by mortgage date firm ATTOM Data Solutions…
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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…
