According to
Bloomberg, nearly $47 billion in rent relief from the Biden Administration has been slow to materialize, forcing mom-and-pop landlords into financial hardship - or forced to sell to wealthy investors
. Bloomberg, perhaps to invoke sympathy for the landlord class, focused on the impact felt by minority landlords.
Like their tenants, these landlords are more likely to be nonwhite or to be immigrants using real estate for their economic foothold. Now, mortgage, maintenance and tax bills are piling up, putting landlords in danger of losing their buildings or being forced to sell to wealthier investors hunting for distressed deals.
.
The tens of billions of dollars that Congress allocated for rent relief starting in December and then with a second allotment in March
Mom And Pop Landlords Dying On The Vine As Un-Evictable Tenants Enjoy Pandemic Protections blacklistednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blacklistednews.com Daily Mail and Mail on Sunday newspapers.