Tag Archives: Ilhan Omar

Rep. Omar Reintroduces Bill To Cancel Rent, Mortgage Payments

(Arnie Aurellano) Rep. Ilhan Omar, D-Minnesota, has introduced the Rent and Mortgage Cancellation Act, a bill that would cancel rents and mortgage payments nationwide through the duration of the COVID-19 pandemic.

MICHAEL BROCHSTEIN/ECHOES WIRE/BARCROFT MEDIA/GETTY IMAGES

The legislation would constitute full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history. Just as significantly, it would also establish relief funds for mortgage holders and landlords to cover the losses incurred from such payment cancellations.

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