Most renters won’t receive protections under Trump proposal

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KEN SWEET AP Business Writer NEW YORK (AP) — Most Americans who rent their home, many of whom have lost their jobs in the sudden economic slowdown caused by the coronavirus outbreak, will not be eligible for eviction protections, despite what President Donald Trump said this week. Under the Department of Housing and Urban Development's plan released Wednesday, foreclosures and evictions would stop for 60 days on single-family homes with loans through the Federal Housing Administration. That would apply to roughly 8 million units, according to HUD. Only FHA homes lived in for at least a year can be rented out. That's compared with the roughly 43 million households who rented in 2019, according to the U.S. Census. Roughly half of renters rent their home from an individual investor, wh
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