Proposed Rent and Mortgage cancellation act

[Rob Burns]

Is everyone keeping an eye on this proposed bill which will make it illegal to collect rent and mortgages??? The proposal states primary mortgages and rents will be halted, and if landlords attempt to collect or evict they face $5k fines, or after 3 violations potential seizure of property. (It does not allow landlords to stop paying mortgage/tax/insurance/maintenance payments etc.) They are proposing a landlord relief fund with comes with terms of no rent increases for 5 years, the government has first right of refusal if you sell and you must offer the property to section 8 programs first. 

I don't care what side of the aisle you vote on but this is absolutely CRAZY! We need to make sure our elected officials don't let this go any further.

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