twocents.lifehacker.com

Photo: JIM WATSON (Getty Images) President Joe Biden signed 17 executive orders on his first day in office, including extensions on eviction moratoriums and student loan payments—moves that will provide temporary relief for millions of Americans currently behind on payments as a result of the pandemic. Extended eviction and foreclosure moratoriums The current eviction and foreclosure moratorium was set to expire on Jan. 31. Biden’s Executive Order requested the CDC extend the moratorium through at least March 31, and that request has been enacted (the CDC has the longstanding authority to issue such moratoriums as doing so relates to controlling the spread of communicable diseases). Biden also requested the Department of Veterans Affairs, the Department of Agriculture, and the Department of Housing and Urban Development extend their moratoriums on foreclosures for federally guaranteed mortgages and deadlines for forbearance requests through the end of March. In tandem with the extended moratoriums, Biden’s economic plan includes an additional $25 billion in rental assistance for lower-income households affected by the pandemic, beyond the $25 billion in rental assistance available now . Another $5 billion has been earmarked for people struggling to pay overdue utility bills. According to a U.S. Census Bureau survey , as of last December, more than 10.1 million households in the United States were behind on rent. A different study reveals that people who lost their jobs as a result of the pandemic now owe an average of $5,400 on rent and utilities. Extended pause on student loans The […]