.@Ilhan has authored a bill that suspends mortgages and rent payments nationwide for the duration of the crisis and for a month beyond. It's endorsed by a laundry list of housing and poverty advocacy groups.
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Here's the text of the bill, the Rent and Mortgage Cancellation Act:
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Last month, 31% of Americans couldn't pay rent. This month, the number will be much, much higher. The Trump administration's insistence that $1200 will constitute sufficient "bridge liquidity" to tide those people over for 10 weeks is a cruel fantasy.
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The federal eviction moratorium in the CARES Act expires mid-May (many landlords are ignoring the moratorium anyway). The crisis will not expire mid-May. Even if this miracle were to pass, the immediate aftermath would be a tsunami of evictions.
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Omar proposes tying federal mortgage guarantees to tenancy protections, including a five-year requirement for fair lending and renting practices, banning no-fault evictions, rent increases, and discrimination against Section 8 voucher holders.
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She also wants to create a fund to acquire distressed rental properties and for management by nonprofits, cities, community trusts, and states.
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