Donald Trump announced Wednesday morning that he is suspending all evictions and foreclosures until the end of April.
This move from the Department of Housing and Urban Development was reportedly put in place to provide relief from the coronavirus pandemic.
“The Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April,” Trump said during a White House conference.
This comes after countries like Italy cancel their residents’ mortgage payments due to the severeness of the coronavirus outbreak in their nation.
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TSR Staff: Thembi! @ThembiTV_ _____________________________________ #TSRUpdatez: Wayment! Coronavirus precautions are hitting real different in Italy. As we reported yesterday, the entire country was put on lockdown due to the coronavirus, and now residents will reportedly not have to pay their mortgages. _____________________________________ When asked if there was a chance of mortgage payments temporarily being frozen, Laura Castelli, Italy’s deputy finance minister said, “”Yes, that will be the case, for individuals and households.” _____________________________________ According to The Guardian, all public events, sporting matches, funerals, and weddings will be banned in Italy. Gyms, bars, theaters, and schools have reportedly been closed as well. _____________________________________ Italy’s Coronavirus death toll–click the link in the bio to read more ????: @gettyimages
Donald Trump also recently waived the federal student loan interest indefinitely, due to the coronavirus.
We’re certainly hoping that this new standard will most definitely create a sense or relief for all of the families that are full of worry of what’s to come during this pandemic.