In light of the coronavirus pandemic, President Trump announced he has directed HUD to suspend evictions and foreclosures through April.
TheHill reports President Trump on Wednesday directed the Department of Housing and Urban Development (HUD) to suspend evictions and foreclosures through April as Americans grapple with the fallout of the coronavirus.
“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 at a White House press briefing. “So we’re working very closely with [HUD Secretary] Dr. Ben Carson and everybody from HUD.”
The move offers a reprieve for many Americans as the economy reels from impacts of the coronavirus. Some state and local leaders have already suspended evictions during the pandemic, citing the financial uncertainty many renters and homeowners are facing.
Efforts to mitigate COVID-19, the disease caused by the novel coronavirus, have forced restaurants, bars, retailers, entertainment venues and workplaces across the country to close for weeks or possibly months.
Treasury Secretary Steven Mnuchin had reportedly told Senate Republicans on Tuesday that unemployment could surge to 20 percent in a worst-case scenario, but both he and Trump on Wednesday tried to tamp down fears of a spike in joblessness that high.
“I don’t agree with that,” Trump said during a Wednesday press conference. “That’s an absolute total, worst-case scenario.”