Eviction moratorium extended through September
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News from the USDA
The U.S. Department of Agriculture announced the extension, through Sept. 30, of the eviction moratorium for homeowners of properties financed or guaranteed by USDA.
“The United States is still reeling from a nationwide housing affordability crisis brought on by the COVID-19 pandemic. USDA is taking this important action to allow individuals and families who face eviction from homes purchased with USDA Single-Family Housing loans more time to maintain safe and stable housing, whether it’s in their current homes, or by obtaining alternative housing options,” USDA Deputy Under Secretary for Rural Development Justin Maxson said. “Actions like the one we’re announcing are part of President Biden’s strategy to ensure a stable and equitable recovery from the disruptions of the COVID-19 pandemic and will provide continued protection for thousands of individuals and families in rural America.”
USDA also reminds servicers that the Single Family foreclosure moratorium expired on July 31. No new foreclosure filings should occur until homeowners are reviewed for new options to reduce their payments and stay in their homes. USDA released new COVID-19 Single Family Housing Guaranteed Loan Program loss mitigation options on July 23.
Homeowners and renters can also visit: www.consumerfinance.gov/housing for up-to-date information on their relief options, protections, and key deadlines from USDA, the Department of Housing and Urban Development, the Department of Veterans Affairs, the Federal Housing Finance Agency, and the Consumer Financial Protection Bureau.
