Posted on 03/16/2021 6:39:55 AM PDT by SeekAndFind
Rep. Ilhan Omar introduced a bill Wednesday that seeks to cancel rent and mortgages nationwide through the duration of the coronavirus pandemic.
The Rent and Mortgage Cancellation Act would allow for full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history.
"Right now, we are facing an unprecedented crisis that has led to millions of Americans at risk of housing instabilities and homelessness," Omar said during a press conference.
The legislation, which would cancel rent until April 2022, would establish a relief fund for landlords and mortgage holders to cover losses from canceled payments and create an optional buyout fund to finance the purchase of private rental properties by nonprofit groups, state and local governments, and other organizations.
Several other Democrats sponsored the bill, including Reps. Alexandria Ocasio-Cortez, Cori Bush, and Jerrold Nadler.
A federal judge in Texas ruled Feb. 25 that the Centers for Disease Control and Prevention's temporary eviction moratorium is unconstitutional.
The Justice Department plans to appeal that ruling, citing that the protection for renters helps slow the spread of COVID-19.
(Excerpt) Read more at washingtonexaminer.com ...
Does this apply to those in Senior Living facilities?
Of course not.
This is what slavery and enslavement looks like.
RE: Does this apply to those in Senior Living facilities?
My other question is this - is the Federal government going to help landlords pay the mortgages, property taxes, repair bills, etc.?
What does Ilhan Omar thibk? All Landlords have money growing on trees?
Don’t forget about car loan repayments and utilities. And, hey, how about a moratorium on taxes...for just a few years of course.
They destroy the economy then act like they can “fix it” with another bill.
This stupid bitch needs to go away. By any means necessary.
No to “Seniors” but with the extra funds coming from their new Covid diseased roommates, they’ll be installing new shuffleboard courts!!
Who pays for the relief fund? Perhaps there should be a relief fund for the relief fund because taxpayers are unable to pay for the relief fund because of the Scamdemic.
What’s in the Bill:
https://www.americanthinker.com/articles/2021/03/rep_omar_introduces_agenda_21.html
Essentially, the bill says that real property tenants can stop paying their landlords. Our country was not founded on the moral code that one is not responsible for one’s obligations and debts. However, these socialists would make it so.
Unsurprisingly, this bill is full of problems. It provides for a COVID suspension period ending April 2022 (Sec. 8(3)), but the landlord relief fund runs for five years (Sec. 5 (c)(1)). It seems as if it’s planning to extend for up to five years a tenant’s freedom from rent obligations, should the bill become law.
Under H.R. 1847, tenants may simply stop paying their rent, without restriction, for a period of one year (for now). There is no means-testing to determine if rent relief is warranted. In fact, the bill doesn’t even require that the tenant notify the landlord.
However, our taxpayer money will go to notify every renter in the country of this provision (Sec. 3(c)). No mention is made of notifying every landlord, yet landlords can be held responsible, to the point of forfeiting their property if they ignorantly, but in accordance with their lawful contract, pursue their tenants for rent (Sec. 4).
While tenants can just withhold money, landlords must apply for relief of unpaid rent (Sec. 5). The requirements are onerous and include freezing the rent for a period of five years regardless of the market – a provision that could cut both ways. The owner must agree to rent vacant units to HUD and other tenant-assistance grantees, even if it is apparent that the tenant cannot afford usual utilities. In some localities, landlords are on the hook for unpaid utility bills in occupied dwellings.
Potential tenants cannot be rejected for their arrest and conviction history, presumably including a history of arson, running a brothel, destroying rented housing, cooking meth at home, drug dealing, or pedophilia even if the unit is across the street from a school. Too bad, landlords, when your insurance rates triple due to this law, but your ability to charge rent is still frozen.
Applications for rent relief must include Personally Identifiable Information for any person with any ownership interest in the property, except for shareholders in a publicly-traded company; an unrestricted list of all their assets and liabilities; and comprehensive info on all rentals in which they have an interest, not just the one on the application. This, of course, is specifically designed to give the federal government a complete listing of all rental housing in America, and a basis for implementing a wealth tax.
The communism begins to sneak in in Sec. 5(e), where priority for landlord reimbursement is tiered based on income. Non-profit owners and those with the fewest assets get the highest priority.
Rental property owners get totally trashed if they own a multi-family (five or more dwelling units) structure (Sec. 7). For five years, they cannot sell or transfer their property — presumably, this includes transfers via a trust to one’s heirs — without the permission of HUD, which will notify all eligible purchasers that the property is available. This is a prima facie violation of the Commerce Clause of the Constitution.
hare brained:
Hares are known for their jumpiness, and they’re also not the smartest creatures on Earth. This is how we get the adjective harebrained, which refers to these perceived qualities of the hare and usually means flighty, reckless, or badly thought out.
As in:
Ilhan Omars harebrained idea to cancel rent and mortgage payments until April 2022.
These stupid article writers seem to miss the low hanging fruit!
I have a better option, how about we stop paying for all of the salaries and benefits for Congress until the pandemic is over?
I do not want my mortgage payment canceled.
I like paying my bills.
Kakistocracy
A kakistocracy is a system of government that is run by the worst, least qualified, and/or most unscrupulous citizens.
I second that motion.
This is why Somalia is such a wonderful country.
How about 0% interest on all credit cards. Oh wait Biden is tied up with those banks in Delaware. Nevermind.
Once the landlords are foreclosed on the govt will have a program to take over the properties, this will allow them full control over living quarters.
We just bought a brand new (new construction) house. If this stupid bill passes, to protect our investment we will still make our monthly mortgage payments. To hell with their communist moves! Of course, the likelihood that someone will bitch about our privately owned and paid up home is very high in the growing communist takeover, but I always have the option to burn it down rather than give it to the state.
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