The bill has been filed: rent and mortgage payments will be canceled for the entire period of the Corona!
In addition, the administration will begin funding public housing projects for day-to-day difficulties. Property owners? They will be covered by a special fund that will make up for their loss of profits. Initiative? Pro-Palestinian Congressman Ilian Omar.
According to the proposal supported by Congress members Rashida Talib and Alexandria Oaxio Cortez, the option to cancel mortgage payments or rent for this period will be open to all Americans regardless of their employment status.
At the same time, the proposal will also ask the homeowners and property owners to cover the losses that would result from the expected payment loss.
"The Corona crisis is more than a public health crisis - it's an economic crisis. Minnesota people are losing their jobs, cutting back on hours, so they're having a hard time putting food on the table. We need to take significant action to protect the health and economic well-being of the most vulnerable Who are in danger of losing their homes and becoming homeless, "said Omar, adding that in the 2008 crisis they rescued Wall Street and now is the time to rescue the suffering Americans.
According to the law, this is a complete write-off of payments without accumulating debt, for landlords or homeowners and without a negative effect on the credit rating. As part of the program, a fund will also be established whose purpose will be to fund the purchase of non-profit public housing units by local government authorities across the United States.
Omar also added to the bill a call to halt all illegal immigrants' imprisonment and to provide assistance packages to mixed families that some people are without legal status.
"It is a cruel absurdity that taxpayers with mixed family status will not be able to receive assistance," said Omar, who is known for her enthusiastic support for the anti-Israel BDS movement.
It is difficult to assess how such a plan will be accepted by its Democratic members, but even if the program gains a majority in the Democratic-controlled Congress, it will have to gain the support of Senate-dominated Republican lawmakers, a scenario that is not very realistic.
A dumb, socialist suggestion.
Even if the plan is not accepted -
Republicans will come up with their own proposal to help the economy not collapse
I do not know the connection to the fact that she is pro-Palestinian or opposed to Israel.
Here are the main topics:
It is not clear how the state could be a guarantor for a year for rents or mortgages. By the way, it is allowed to submit only on "Main Residence" and not on all the properties you own.
What will homeowners do to get tenants out of their homes (not for financial reasons?).
As a homeowner, why not rent a house to someone who can pay full rent instead of someone whose state covers their (partial) rent?
There are a lot of holes in the show and it doesn't seem to be really applicable