Biden extends pandemic help for homeowners, renters wait

In this Jan. 28, 2021 file photo, President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington. Photo: AP Photo/Evan Vucci. In this Jan. 28, 2021 file photo, President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington.

Associated Press
Created: February 16, 2021 07:30 AM

President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic.

The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. On his first day in office, Biden had extended the moratorium from Jan. 31. Census Bureau figures show that almost 12% of homeowners with mortgages were late on their payments.

The White House says the coordinated actions announced Tuesday by the Departments of Housing and Urban Development, Veterans Affairs and Agriculture also will extend to June 30 the enrollment window for borrowers who want to request mortgage payment forbearance — a pause or reduction in payments — and will provide up to six additional months of forbearance for borrowers who entered forbearance on or before June 30 of last year.

The White House says more than 10 million homeowners are behind on mortgage payments and Biden's actions are to help keep people in their homes amid "a housing affordability crisis" triggered by the pandemic. It says "homeowners will receive urgently needed relief as we face this unprecedented national emergency."


(Copyright 2021 by The Associated Press. All Rights Reserved.)

Comment on Facebook

Executive Council approves 30-day extension of governor's emergency powers

Portion of Hwy 169 at I-94 reopens after multi-vehicle crash, slick road conditions reported

Law enforcement officials: Upwards of 60 arrests made following protests in Brooklyn Center