Senator Jack Reed: Reed Introduces $75 Billion Housing Assistance Fund to Prevent Disasters from Intersecting and Overwhelming Households, Communities, & U.S. Economy

Senator Jack Reed, May 5, 2020: Reed Introduces $75 Billion Housing Assistance Fund to Prevent Disasters from Intersecting and Overwhelming Households, Communities, & U.S. Economy

America can’t afford a housing and homelessness crisis on top of a pandemic.  A temporary freeze  on evictions and foreclosures is a needed short-term step, but Americans need a long-term solution.

With the potential for a massive wave of evictions and foreclosures on the horizon, along with a possible second wave of novel coronavirus (COVID-19), U.S. Senator Jack Reed (D-RI) is calling on Congress to act now and throw Americans a $75 billion lifeline to keep families in their homes, stabilize communities, and prevent multiple crises from intersecting and overwhelming the U.S. economy.

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