SPONSORED:

NY Democrats call for mortgage forgiveness in next coronavirus relief bill

NY Democrats call for mortgage forgiveness in next coronavirus relief bill
© Getty

Members of the New York Democratic congressional delegation are urging leaders to include rent and mortgage forgiveness in the next coronavirus stimulus bill. 

Reps. Grace MengGrace MengSenate locks in hate crimes deal, setting up Thursday passage Jim Jordan, Val Demings get in shouting match about police during hearing Senate aims to pass anti-Asian hate crimes bill this week MORE and Alexandria Ocasio-CortezAlexandria Ocasio-CortezOvernight Energy: Update on Biden administration conservation goals | GOP sees opportunity to knock Biden amid rising gas prices | Push for nationwide electric vehicle charging stations The Memo: The GOP's war is already over — Trump won Ocasio-Cortez, Levin introduce revised bill to provide nationwide electric vehicle charging network MORE wrote a letter Tuesday signed by eight other New York Democrats calling for the creation of a new Housing and Urban Development (HUD) program.

“We have seen how this crisis has exposed the deeply entrenched inequities in our economic and housing system. Therefore, we urge you to include a universal, national rent and mortgage forgiveness fund in the next legislative package — and ensure that as families fight for their health, we protect their human right to stable housing,” the Democrats wrote. 

ADVERTISEMENT

The proposed HUD program would reimburse landlords for rent and would allow homeowners to take advantage of mortgage forgiveness for the duration of the pandemic and a six month period after the pandemic is declared over. 

“Not only does HUD have the capacity to administer a program of this scale, but it would serve as a direct stimulus for the countless families that are facing unprecedented economic hardship,” the members added. 

The letter was sent to Speaker Nancy PelosiNancy PelosiOn The Money: Weekly jobless claims fall to 498K, hitting new post-lockdown low | House to advance appropriations bills in June, July Rural Democrats urge protections from tax increases for family farms Cheney fight stokes cries of GOP double standard for women MORE (D-Calif.), House Minority Leader Kevin McCarthyKevin McCarthyLoyalty trumps policy in Stefanik's rise, Cheney's fall Cheney drama exposes GOP's Trump rifts Likely Cheney successor appears on Bannon show to tout GOP unity MORE (R-Calif.), Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellMcConnell: Taliban could take over Afghanistan by 'the end of the year' McConnell alma mater criticizes him for 1619 comments McConnell amid Trump criticism: 'I'm looking forward, not backward' MORE (R-Ky.) and Senate Minority Leader Charles SchumerChuck SchumerHow to fast-track climate action? EPA cutting super pollutant HFCs On The Money: How demand is outstripping supply and hampering recovery | Montana pulls back jobless benefits | Yellen says higher rates may be necessary Senate Democrats announce B clean bus plan MORE (D-N.Y.). 

Democratic New York Reps. Jerrold NadlerJerrold (Jerry) Lewis NadlerHouse to consider anti-Asian hate crimes bill, protections for pregnant workers this month A historic moment to truly honor mothers Britney Spears to discuss conservatorship in court MORE, Nydia VelazquezNydia Margarita VelasquezOvernight Defense: Navy medic killed after wounding 2 sailors in Maryland shooting | Dems push Biden for limits on military gear transferred to police | First day of talks on Iran deal 'constructive' House Democrats push Biden to limit transfer of military-grade gear to police Where to, Puerto Rico? MORE, Adriano EspaillatAdriano de Jesus Espaillat CabralHispanic Caucus energized by first Biden meeting Lawmakers remember actress Cicely Tyson Over 40 lawmakers sign letter urging Merrick Garland to prioritize abolishing death penalty MORE, José Serrano, Yvette ClarkeYvette Diane ClarkeHillicon Valley: Broadband companies funded fake net neutrality comments, investigation finds | Twitter rolls out tip feature | Google to adopt 'hybrid work week' Biden administration, Congress unite in effort to tackle ransomware attacks Hillicon Valley: Twitter will not allow Trump account archive on platform | Commerce Dept. still weighing approach to Huawei, TikTok | Dating apps work to reinvent amid COVID-19 pandemic MORE, Eliot EngelEliot Lance EngelLawmakers on hot mic joke 'aisle hog' Engel absent from Biden address: 'He'd wait all day' Bowman to deliver progressive response to Biden's speech to Congress Liberal advocacy group stirs debate, discomfort with primary challenges MORE, Carolyn MaloneyCarolyn MaloneyHuffPost reporter: DCCC will help Dems fend off progressive challengers to 'keep them happy' The Hill's Morning Report - Presented by Facebook - Chauvin conviction puts renewed focus on police reform Liberal advocacy group stirs debate, discomfort with primary challenges MORE and Hakeem JeffriesHakeem Sekou JeffriesOn The Money: Breaking down Biden's .8T American Families Plan | Powell voices confidence in Fed's handle on inflation | Wall Street basks in 'Biden boom' Democratic leaders push to boost congressional staff pay Troy Carter wins race to fill Cedric Richmond's Louisiana House seat MORE also signed on. 

Rep. Ilhan OmarIlhan OmarSchumer works to balance a divided caucus's demands White House raises refugee cap to 62,500 Sharpton eulogizes Daunte Wright: 'Tags of racism' have expired MORE (D-Minn.) introduced legislation in April to cancel rent and mortgage payments over the pandemic. The bill has the support of both co-chairpeople of the Congressional Progressive Caucus, but faces long odds at making it through Congress.