(CNN) Millions of struggling renters will likely be protected from eviction at least for another month.
The stimulus bill that was signed into law by President Trump late Sunday night extends a national ban on evictions until January 31. The moratorium, which was put in place by the Centers for Disease Control and Prevention in September to stop the spread of the coronavirus, was initially set to expire at the end of this month.
The package also provides $25 billion in emergency rental assistance.
Should the package go through, neither of the measures will likely be enough to keep the most at-risk renters in their homes past January.
The National Low Income Housing Coalition says the state was short by more than 130,000 affordable safe homes for low-income individuals in the nation.
The federal eviction moratorium expires in January. It could leave 40 million Americans homeless. Marc Ramirez, Sarah Taddeo and Tiffany Cusaac-Smith, USA TODAY
Christopher Green lost his job during the COVID pandemic and now his home
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Rochester, N.Y. It’s safe to say that Shayla Black’s life is not what she imagined when she left her job in the magazine industry in January, feeling like she needed a change.
Before long, her quest for new opportunities was upended by massive job losses driven by the COVID-19 crisis. As Black’s finances started to dwindle and the rent continued to accrue at her second-story Harlem apartment, the 28-year-old found herself having to make some difficult choices.
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China should avoid a “premature” exit from its economic support policies given the “precarious” global outlook next year, according to the World Bank. “A premature policy exit and excessive tightening [following the coronavirus pandemic] could derail the recovery,” the Washington-based World Bank warned on Wednesday, urging the People’s Bank of China to “proceed cautiously” in tightening its monetary policy. To rescue its coronavirus-hit economy earlier this year, China unleashed a flurry of stimulus measures, including the issuance of special treasury bonds, lower lending rates and tax exemptions, while it also lifted the fiscal deficit rati