Thread: HUD is reportedly preparing to extend a moratorium that protects some homeowners (those with Federal #Housing Admin. mortgages) from foreclosures through the end of the year.
Here's why that's not nearly enough to address the ongoing crisis.
politico.com/news/2020/08/1…
This limited relief appears to do little or nothing to protect the large number of renters struggling to keep a roof over their heads. That’s because the measure only applies to mortgage lenders who have no say in evictions outside of very limited (& infrequent) situations.
This comes as 21% of all renters were behind on their rent in July with Black & Hispanic renters facing substantially higher housing hardships than white renters.
Renters need both a strong eviction moratorium AND funding for rental assistance. This action appears to include neither.
Without help paying rent, even households covered by an eviction moratorium will continue to see their unpaid rent balance grow & face eviction once it expires.
We know what’s needed to solve this crisis: A strong, bipartisan legislative #COVIDRelief package that protects people from eviction & provides rental assistance to help people stay securely housed during the #COVID19 pandemic.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.