With mortgage relief in place, stimulus deal targets homelessness, public housing
Getty Images
While the terms won?t apply to everyone, it?s a good start Federal lawmakers came to an agreement early Wednesday on a $2 trillion stimulus package that will provide additional funds to aid the homeless and potentially provide rental assistance to Americans who have been impacted by the economic fallout of COVID-19.
The stimulus deal comes a week after President Donald Trump announced a sweeping moratorium on foreclosures for homeowners with mortgages backed by Fannie Mae or Freddie Mac or Federal Housing Administration mortgages on single-family homes. Federal regulators are also allowing payment deduction or deferral on mortgages backed by Freddie or Fannie for as long as year for those who have lost income or employment because of the novel coronavirus fallout. What specific relief a homeowner will get depends on their situation, but terms have not been made public. According to NPR, federal regulators believe the entire mortgage industry will follow suit with providing relief, so if you?re in trouble, contact your mortgage servicer immediately. (You can find your servicer?s contact information on your mortgage statement.)
The housing measures in the stimulus package include $4 billion in grants to assist homeless shelters, $5 billion toward Community Development Block Grants (which can be used for rental assistance), $685 million for public housing, and $1.25 billion toward tenant-based rental assistance (housing vouchers).
The homeless are partic...
-------------------------------- |
Rolling wildflower roof covers Rogers Stirk Harbour + Partners-designed Scottish distillery |
|
Château de Peyrelade: Mediaeval Castle Built On A Rocky Spur
01-05-2024 08:18 - (
architecture )
Enhancing Outdoor Spaces with HOA-Friendly Upgrades and Decor Tips
01-05-2024 08:13 - (
architecture )