Will latest stimulus proposal stop potential housing crisis?

By Liz Farmer | Forbes

This week’s $1.5 billion bipartisan stimulus proposal from the bipartisan House Problem Solvers Caucus offers another round of $1,200 stimulus checks and other cash assistance for those in need as the Covid-19 recession wears on.

But it’s unlikely the proposal would stop a potential wave of evictions and foreclosures next year if the economy doesn’t rapidly improve.

Straight cash for people who are behind on their mortgage or on rent is obviously a welcome help. But it’s a short-term fix unless jobs recover. So is the idea of extending just by one month the CDC’s current eviction moratorium. This all buys time.

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