Bloomberg News reports:
President Donald Trump said the Department of Housing and Urban Development will suspend foreclosures and evictions through the end of April as the country combats the coronavirus outbreak.
HUD “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 news conference on Wednesday. He described the move as among sacrifices the country must make as the outbreak expands. “We are all in this together,” he said.
The move will provide 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.