Posted on 07/01/2020 6:22:33 PM PDT by yesthatjallen
Former Housing and Urban Development (HUD) Secretary Julián Castro said that Congress should pass direct rental assistance to avoid a housing crisis amid the coronavirus pandemic.
The CARES Act, signed in late March, included a moratorium on evictions for tenants in units with federally-backed mortgages or other assistance who were unable to pay rent, which only applies to about a fifth of renters. The rest are subject to local eviction moratoria, which have begun to expire.
Castro, who served under President Obama, told NBC News that Congress should allocate $100 billion in direct housing assistance.
“We should invest $100 billion in direct rental assistance that the HEROES Act would include, as well as Emergency Solutions Grants, which address homelessness in local communities across the country,” Castro said.
SNIP
(Excerpt) Read more at thehill.com ...
........ If the property is too expensive to keep ..... Yes ... It will be dumped ... both commercial and private.
[[[If you are in New England, NY, NJ your market is in trouble. ]]]
Upstate is being inundated with people fleeing NYC.
I believe there is going to be a big realignment in where people look to live and it ain’t going to be in cities.
Once the financial sector bails out of NYC, and its coming, turn out the lights.
.......... Sadly .... It's like we are selling our birthright to buy a bowl of soup.......
Didn’t Ben Carson find that HUD was missing a couple billion dollars once he took over? Maybe I’m thinking HHS?
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