With millions unemployed and unable to pay their bills, our nation is knee-deep in the worst housing crisis since the Great Depression. Donald Trump would like you to believe his decision to extend the eviction moratorium through the end of the year has saved American families. In reality, he keeps putting off the problem and passing the buck, hoping to avoid yet another crisis with less than 40 days until the election.

Here's the truth: Eventually, the moratorium will expire, and millions of people still won't have the money to pay their rent or mortgage. In fact, millions of renters and homeowners are already taking on suffocating debt just to stay in their homes. It's way past time to put aside politics and elections. Our leaders must step up to avert this crisis by providing real relief to people so they can stay in their homes.

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Because of the pandemic, 40 million renters are in danger of eviction. More than 1 in 3 renters were behind on July rent. And millions of homeowners are on forbearance payment plans. Large corporate landlords have the capital to weather this storm, but small landlords are bearing the brunt of Trump's eviction moratorium - with no relief in sight. All of these unstable housing situations add up and could create a housing crisis unlike anything this country has ever experienced.

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In order to combat this horrific scenario, our leaders must pass a housing relief bill to help renters and small landlords, help out homeowners behind on their mortgages, and invest in everyday people who are the ones struggling to get back to work safely.

The COVID-19 crisis has laid bare the rickety stilts that people balance on each day in this country. We're seeing this problem play out in real time as millions experience economic hardship caused by the pandemic and ratchet up their debt to keep a roof over their heads.

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But we've known these problems have existed for years. Before the crisis, the typical U.S. worker was losing out on $42,000 a year because of widening inequality. As a result, 40% of Americans were one emergency away from poverty - and we're a few emergencies deep at this point. We need policies to address the underlying issues that undermine the financial stability of everyday Americans - but first, we need an emergency stimulus to avoid an all-out collapse.

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That's why we're reaching out today. If we want to prevent millions of people from losing their homes and being forced out onto the street, we must demand action to prevent a horrific housing crisis. Are you in?

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