Biden Administration Announces Extension of COVID-19 Forbearance and Foreclosure Protections for Homeowners
FACT SHEET: The Biden Administration has extended the housing moriturium through hune 30, 2020. This will prevent fammilies struggling with job loss during the pandemic form going homeless. As millions of Americans face continued hardship from the COVID-19 pandemic, President Biden is continuing to take action to help keep individuals and families in their homes. The COVID-19 pandemic has triggered a housing affordability crisis. Today, 1 in 5 renters is behind on rent and just over 10 million homeowners are behind on mortgage payments. People of color face even greater hardship and are more likely to have deferred or missed payments , putting them at greater risk of eviction and foreclosure. As part of the President’s commitment to deliver immediate relief for American families bearing the brunt of this crisis, the Department of Housing and Urban Development, Department of Veterans Affairs, and Department of Agriculture announced a coo...