Wall Street Journal: “State and local governments are struggling to distribute $47 billion in federal money aimed at helping tenants who can’t pay rent because of the Covid-19 crisis, leaving many people at risk of being thrown out of their homes when an eviction moratorium expires on July 31.”
“Meanwhile, many landlords have been squeezed because they have been unable to collect rent but remain on the hook for taxes, maintenance and other bills. Problems distributing the funds—which can be used to cover back rent, future rent and utilities—often stem from bureaucratic bottlenecks.”
Related from Bloomberg: “Enhanced assistance will be provided to homeowners with government-backed mortgages who have been negatively impacted by the pandemic, with the aim cutting some monthly payments by roughly 25%.”
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