Sen. Rick Scott calls for nationwide moratorium on rent, mortgages and utilities

He’s proposing a 60-day suspension for people making less than $75K and businesses with fewer than 250 employees

TRD MIAMI /
Mar.March 23, 2020 11:46 AM
Sen. Rick Scott
Sen. Rick Scott

U.S. Senator and former Florida governor Rick Scott is calling for a nationwide moratorium on mortgage payments, rent and utilities due to the coronavirus pandemic.

The Republican senator suggested the federal government impose a 60-day moratorium for people making less than $75,000 a year and for small businesses with fewer than 250 employees. In a column published in Fox Business, he suggested postponing those payments, to be spread out over the following 12 months.

“The people that need help the most are small businesses, hourly workers, people who rely on tips, and gig economy workers like Uber and Lyft drivers,” Scott said.

In Miami-Dade County, all commercial and residential eviction activity was suspended until further notice due to the outbreak of Covid-19, the illness caused by coronavirus.

Florida Power and Light suspended cutting off power for overdue bills for at least two weeks. The county also stopped cutting off water service for customers with unpaid bills.

In New York, a judge ordered that all eviction proceedings and pending eviction orders will be suspended statewide, until further notice.

There has been no official suspension of rent payment in New York, though tenant groups have called for such a measure, and State Sen. Michael Gianaris is working on a bill to suspend rent payments for 90 days.


Related Articles

arrow_forward_ios
John Atwater, CEO of Prime Group, and Park La Brea (Credit: Brown University, and Park La Brea)

At Prime Group’s 4,200-unit Park La Brea, social distancing is a big problem

At Prime Group’s 4,200-unit Park La Brea, social distancing is a big problem
Rick Caruso, the Grove mall (Credit: Donato Sardella/Getty Images, and CARUSO)

If you clean it, will they come? Rick Caruso’s visible plan to reopen malls & resorts

If you clean it, will they come? Rick Caruso’s visible plan to reopen malls & resorts
An illustration of Gavin Newsom (Credit: Michael Kovac/WireImage via Getty Images, and iStock)

California OK’s retail re-openings, but leaves key decisions to local officials

California OK’s retail re-openings, but leaves key decisions to local officials
Griffith Park (Credit: iStock)

Developer’s folly means more space at Griffith Park

Developer’s folly means more space at Griffith Park
3M CEO Mike Roman and Altaris Capital Partners Principal Garikai Nyaruwata

N95 mask-maker 3M sells Northridge manufacturing plant

N95 mask-maker 3M sells Northridge manufacturing plant
Fewer homes are selling across Southern California, but low supply helped push pricing up across the region.

Far fewer SoCal homes traded in April, but prices rose

Far fewer SoCal homes traded in April, but prices rose
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Josh Flagg and Bobby Boyd (Credit: Gregg DeGuire/Getty Images)

Josh Flagg and Bobby Boyd donating July commissions to charity

Josh Flagg and Bobby Boyd donating July commissions to charity
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...