soul-homes

EXCERPT: “As Miriam Axel-Lute points out in Shelterforce, ‘Projects covered by federal mortgage guarantees and affordability programs, including Low Income Housing Tax Credits and Section 8, were all covered by a 120-day eviction moratorium under the CARES Act as of March 25.’ In the short run, this protects tenants. But for nonprofit housing owners, absorbing lost rent revenue definitely poses a financial challenge. All told, nonprofit owners provide federally subsidized housing to over a million households nationwide. A number of nonprofits made it clear they would not evict for nonpayment before the passage of federal legislation.” FULL STORY: https://fluence-media.co/3d1wlAs