Apr 08


H.R. 6321 includes provisions to protect consumers, renters, homeowners, and people experiencing homelessness, including a bill from Congressman Jesus “Chuy” Garcia’s (D-IL) to place a temporary nationwide ban on landlords filing evictions on renters.

Without assistance to the property owners we will see failures and abandonment which will exceed the 2008 financial crises.

Cities like Milwaukee, with only 41.8% homeownership, will be crippled as rental property owners stop paying taxes, sewer and water. Add to that the cost incurred when the municipality has to maintain and sometimes raze tax foreclosed homes.

I had noted there was an uptick in tax foreclosures in Milwaukee hitting MLS in the last two months, that is well prior to any COVID impact.

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