Congresswoman Omar Reintroduces Bill Seeking To Cancel Rent, Mortgage Payments During Pandemic

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On last Thursday, Congresswoman Ilhan Omar (D-MN) reintroduced legislation to cancel all rent and mortgage payments until the Spring of 2022.  Under the bill, titled the Rent and Mortgage Cancellation Act, there would be no accumulation of debt for renters or homeowners, as well as no negative impact on a person’s credit rating or rental history. The legislation also calls on the Department of Housing and Urban Development to establish and oversee a “Landlord Relief Fund,” to cover any losses landlords would receive as a result of the payment cancellations….Read more.