What Will Happen When the Eviction and Foreclosure Ban Ends? inman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inman.com Daily Mail and Mail on Sunday newspapers.
Millions of renters brace for a post-pandemic ax
The Biden administration is racing to end a bottleneck that has prevented state and local governments from distributing nearly $50 billion in rental assistance.
A rental sign is posted in front of an apartment complex Tuesday, July 14, 2020, in Phoenix. | Ross D. Franklin/AP Photo
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The pandemic crisis is finally winding down for much of the country, with both vaccinations and the economy surging. But the Covid-19 housing crisis hasn’t even hit yet, and Washington’s efforts to head it off have stalled.
A federal moratorium on evictions is set to expire June 30, leaving millions of tenants facing long-term damage to their credit and the potential loss of their homes if they can’t scrape together more than a year’s worth of back rent. Now, the Biden administration is racing to end a bottleneck that has prevented state and local governments from distributing nearly $50 billion in rental assistance that Congress allo
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The Federal government has approved two rounds of rental assistance
Apr 23, 2021 9:05 PM EDT
(ABC News) –An estimated 8.8 million Americans are behind on their rent, according the Consumer Financial Protection Bureau. While relief efforts have staved off some of the housing crisis, rent is still going to come due.
The federal government has approved two rounds of rental assistance, worth more than $46 billion total, that is slowly making its way to renters.
Additionally, the federal eviction moratorium has been extended to the end of June. But avoiding eviction does not erase any rent owed. Estimates vary, but the Urban Institute said renters owe anywhere from $13.2 billion to $52.6 billion in back rent.
How struggling households can get federal rental assistance sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.
The Day - Nearly 9 million Americans behind on the rent; here s how to get help - News from southeastern Connecticut theday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theday.com Daily Mail and Mail on Sunday newspapers.