As the COVID-19 crisis continues, lawmakers are proposing national rent relief. Here's what housing experts think that should look like:
States and cities have stepped up and implemented their own eviction moratoriums by pausing evictions until after the national COVID-19 crisis ends. Although these moratoriums are a step in the right direction, housing experts have said since the beginning of the pandemic that these simply aren’t enough. Eventually the moratoriums will lift, courts will open back up and a flood of eviction proceedings will likely occur.
This is far above the financial rule of thumb that recommends spending no more than 30% of income on housing. According to the JCHS report, in 2018, nearly half of renters spent more than that percentage, leaving them especially vulnerable to any potential decrease in household income. “It’s not as simple as just canceling rent—we are all connected,” says Mary Cunningham, vice president for Metropolitan Housing and Communities Policy at the Urban Institute. “Landlords pay state and local government taxes, which fund schools, libraries and parks. To prevent ripple effects, we should just help renters pay their rent.”
Murphy suggests that policymakers introduce new housing relief initiatives that will complement programs already passed in the CARES Act, such as sending more cash directly to Americans specifically to help pay their rent. As of now, most Americans say they’ll be. Additional stimulus payments in the future could continue that trend and help keep a roof over Americans’ heads.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
If you think oil will bounce back, here are the best ways to play the bet, according to prosFor subscribers: If you think oil will bounce back, here are the best ways to play the bet, according to pros Check out CNBCPro for a free trial.
Lire la suite »
We Can’t Ignore The ‘Hidden Victims’ Of The COVID-19 PandemicThis isn’t only a crisis of a virus; this is a crisis of healthcare access for all of us.
Lire la suite »
Opinion | The Coronavirus Could Imperil Putin’s PresidencyFrom WSJopinion: Covid-19 may not destroy Putin’s presidency, but it has placed a time bomb under it, writesAronRTTT
Lire la suite »
Blood Clots Are the Dangerous Coronavirus Complication Doctors Didn’t ExpectDoes Coronavirus Cause Blood Clots? Doctors Explain the Life-Threatening Complication
Lire la suite »
The 10 best whiskey brands you need to try, according to 2 renowned experts - Business InsiderTrying to pick between Scotch and Japanese whiskey, or bourbon and rye? These pros break down the best whiskey brands out there.
Lire la suite »
Glen Powell Pays Tribute to Murdered Best Friend, a Policeman Gunned Down in an AmbushGlen Powell's best friend, Officer Justin Putnam, was shot and killed while answering a domestic violence call in Texas
Lire la suite »