The U.S. Department of Agriculture (USDA) today extended through Sept. 30, the eviction moratorium for homeowners of properties financed or guaranteed by USDA.
“The United States is still reeling from a nationwide housing affordability crisis brought on by the COVID-19 pandemic. USDA is taking this important action today to allow individuals and families who face eviction from homes purchased with USDA Single-Family Housing loans more time to maintain safe and stable housing, whether it’s in their current homes, or by obtaining alternative housing options,” USDA Deputy Under Secretary for Rural Development Justin Maxson said.
USDA also reminds servicers that the single-family foreclosure moratorium will also expire on July 31. After this date, no new foreclosure filings should occur until homeowners are reviewed for new options to reduce their payments and stay in their homes. USDA released new COVID-19 Single Family Housing Guaranteed Loan Program loss mitigation options on July 23.
Beyond Sept. 30, USDA will continue to support homeowners experiencing financial hardship due to the pandemic by making loss mitigation options available to help keep them in their homes. Homeowners and renters can also visit www.consumerfinance.gov/housing for up-to-date information on their relief options, protections, and key deadlines from USDA, the Department of Housing and Urban Development, the Department of Veterans Affairs, the Federal Housing Finance Agency, and the Consumer Financial Protection Bureau.
For more information, visit www.rd.usda.gov.
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