Renters At Risk In Foreclosure Crisis Rely On Short-Term Federal Law

Homeless Child

Renters At Risk In Foreclosure Crisis Rely On Short-Term Federal Law

A key law that has prevented millions of low-income tenants from becoming homeless is set to expire at the end of the 113th Congress, kicking off what experts warn could be a new wave of evictions.

Homelessness is up 16 percent among families in major cities since the beginning of the foreclosure crisis, according to a report from the U.S. Conference of Mayors, and the number of renters affected by foreclosure has tripled in the past three years.

While public attention has centered on homeowners, research shows rental properties constitute an estimated 20 percent of all foreclosures, and 40 percent of families facing foreclosure-related evictions are renters. Those numbers translate into millions of Americans at risk of homelessness, many of them children.

What stands between many of those children and the streets is a little-known federal law that, barring congressional intervention, will expire in 2014.

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One Response to “Renters At Risk In Foreclosure Crisis Rely On Short-Term Federal Law”
  1. Pond sucking scum are stooping to new lows everyday and we have to wait around on Congress.Well we all know where this will go.

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