Economics/Class Relations

Ilhan Omar unveils bill to cancel rent and mortgage payments amid pandemic

Is Ilhan coming through?

By Sophie Kasakove

The Guardian

The Minnesota congresswoman Ilhan Omar has unveiled a bill that would cancel rent and mortgage payments for millions of Americans struggling amid the coronavirus pandemic.

Under the legislation announced on Friday, landlords and mortgage holders would be able to have losses covered by the federal government. The program would extend for a month beyond the end of the national emergency, which was declared on 13 March, and would be made retroactive to cover April payments.

The proposal comes amid an unprecedented housing crisis: 31% of Americans in rental accommodation could not pay rent at the beginning of this month. Millions have lost their jobs since.

Federal answers have been limited. The Cares Act stimulus package included $12bn for Department of Housing and Urban Development programs targeting homelessness and rental assistance. But those funds do little to address the needs of millions of Americans who now find themselves on the edge of acute housing insecurity


Categories: Economics/Class Relations

Tagged as:

Leave a Reply