Emergency Rent and Mortgage Cancellation Legislation

[Zach Fetcko]

https://omar.house.gov/sites/omar.house.gov/files/Omar%20-%20Rent%20%26%20Mortgage%20Cancellation%20Act%20-One%20Pager%20and%20Legislative%20Framework.pdf

An Act has been proposed that would stop payments on mortages and rents until the end of the pademic. It would also establish a fund to pay landlords for lost rents under this program, but would make landlords agree to some conditions that would last 5 years. It would also establish a fair housing acquisition fund and give elibible purchasers first right of refusal on any properties sold and require private sellers to notify HUD before properties were put up for sale.

Please read the proposal. It is only 5 pages.