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Federal workers affected by the government shutdown have more than $400 million in mortgage and rent payments due this month, and it could cause chaos for the US housing market
01/11/2019 General World News
government shutdown protest

  • The ongoing federal government shutdown could start affecting the US housing market soon.
  • Federal workers not receiving pay owe $249 million in mortgage payments and $189 million in rent payments this month, according to Zillow.
  • Some federal housing programs such as Federal Housing Administration loans, Veterans Affairs loans, and USDA loans are experiencing delays.
  • Additionally, the Department of Housing and Urban Development cannot pay rental assistance to landlords who provide roughly 100,000 low-income Americans with affordable housing.

The ongoing government shutdown looks like it may cause a mess for the US housing market.

As the shutdown enters a record-tying 21st day, read more >>>

Source:: BusinessInsider.Com

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