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Accelerator Program Seeks to Strengthen Capital Ecosystems for Small Businesses Led by People of Color

How to budget for a new home so you don t end up house poor

How to budget for a new home so you don t end up house poor By Linda Bell NerdWallet Text size Copy shortlink: While buying a home can be a sound investment, it can also become a financial burden. Here s how to think about your housing budget so that doesn t happen to you. Someone who is house poor spends so much of their income on homeownership such as monthly mortgage payments, property taxes, insurance and maintenance that there s very little left in the budget for other important expenses. Being house poor can limit your ability to build up retirement or other savings, pay off debt, travel or enjoy life.

COVID-19 housing relief and federal moratorium on evictions

Here’s what renters, homeowners need to know about COVID-19 housing relief Housing experts told WUSA9 when this current moratorium ends, it is projected that renters will be $70 billion behind in rent. Author: Michael Quander Updated: 7:36 AM EST January 27, 2021 WASHINGTON Many of President Joe Biden’s first acts in office have been related to the COVID-19 pandemic. Last week, he extended the federal moratorium on evictions and foreclosures. The presidential order may help offer some relief in the short term, but what will happen after is still up in the air. Housing experts told WUSA9 when this current moratorium ends, it is projected that renters will be $70 billion behind in rent.

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