Current housing crisis highlights need for more extensive rent and mortgage moratorium

Governor Walz issued an executive order last month to suspend evictions and foreclosures amidst the COVID-19 pandemic. As the debt of foregone rent and mortgage payments continues to grow along with the number of Minnesotans experiencing unemployment, the need is growing for rent and mortgage moratoriums that provide a real financial solution.

The executive order issued by the governor offers a short-term solution to a problem with lasting repercussions. The order suspends evictions, the termination of leases, and foreclosures. However, renters and homeowners could face severe economic repercussions once the order expires as they are left with mounds of accrued debt. Additionally, landlords have bills to pay and suffer as well from the unemployment and financial hardship of their renters.

A bill was heard in the House that would provide the necessary help to landlords, renters, and homeowners. The legislation proposes a $100 million housing package that would offer financial relief to renters, homeowners, and landlords. It’s time for the Senate to follow suit and pass legislation that provides financial relief to those struggling to stay safe in their homes. (HF 4541)

Senate DFL Media