Most renters who lost jobs won't get protections under Trump proposal
By Associated Press -March 20, 2020 10:31 AM
Most renters will not be eligible for eviction protections, despite what Donald Trump said this week.
Most Americans who rent their home, many of whom have lost their jobs in the sudden economic slowdown caused by the coronavirus outbreak, will not be eligible for eviction protections, despite what Donald Trump said this week.
Under the Department of Housing and Urban Development’s plan released Wednesday, foreclosures and evictions would stop for 60 days on single-family homes with loans through the Federal Housing Administration. That would apply to roughly 8 million units, according to HUD. Only FHA homes lived in for at least a year can be rented out.
That’s compared with the roughly 43 million households who rented in 2019, according to the U.S. census. Roughly half of renters rent their home from an individual investor, while the other half rent from a business or multi-unit property owner. The ones renting from a business will not receive any protections according to HUD’s proposal.
"That’s the problem with (HUD's proposal). It only impacts a very small amount of people. We need big-scale solutions," said Andrea Shapiro of the Metropolitan Council on Housing, a New York-based housing advocacy organization.
https://americanindependent.com/donald-trump-administration-renters-unemployed-protections-coronavirus-economy/
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