The Agriculture Department has announced an extension of eviction and foreclosure moratoriums on USDA Single Family Housing Direct and Guaranteed loans through June 30, 2021. The extension was part of a larger Biden administration initiative on federally connected housing.
“USDA recognizes that the COVID-19 pandemic has triggered an almost unprecedented housing affordability crisis in the United States. That's why USDA is taking this important action today to extend relief to the hundreds of thousands of individuals and families holding USDA Single Family Housing loans,” USDA Deputy Under Secretary for Rural Development Justin Maxson said.
The Office of Management and Budget (OMB) completed its review of a notice from USDA on relief for Single Family Housing Guaranteed Loan Program (SFHGLP) borrowers impacted by the COVID-19 pandemic under programs operated by the Rural Housing Service (RHS) at the agency.
The notice was received by OMB on February 12, with the review showing as completed February 15 “consistent with change.”