'There will be a crisis we can't even imagine' Why activists are pushing for rent forgiveness during the coronavirus pandemic

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'There will be a crisis we can't even imagine' Why activists are pushing for rent forgiveness during the coronavirus pandemic (via CNBCMakeIt)

, renters did not benefit in the same way. The legislation enacted a 120-day moratorium on evictions for some tenants and provided funding for housing assistance for the homeless and subsidized housing, but 72% of renters are not covered by the legislation, per the"Homeowners are being taken care of, property owners are being taken care of, banks are being taken care of many times over," says Raghuveer.

, recently passed by the House, includes a national rental assistance fund and a 12-month eviction moratorium for non-payment. Although those provisions would be helpful for renters, tenants don't have time to wait while the Senate crafts and passes its own version of a relief bill, which may or may not include aid for renters, says Raghuveer.

If rental assistance comes in three months, it's too late. You'll see thousands of families displaced with no where to go.Rep. Omar introduced the Rent and Mortgage Cancellation Act in Congress, which would cancel rent and mortgage payments for the duration of the crisis and create a fund that landlords and lenders would apply to to recoup their lost funds.

 

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MakeIt Yup

MakeIt

MakeIt The building owners have bills too.

MakeIt Most of the landlords in this country are not rich....They got mortgage and other bills to pay This will only widen the inequality gap as these properties are taken over by big businesses

MakeIt

MakeIt Don't pay your rent or mortgage

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