Yep, here comes the next pandemic bailout … and it seems Congress won’t even have to act again.

Federal tax dollars to pay for delinquent mortgages in California

Treasury Department backs plan by Gov. Gavin Newsom to help delinquent mortgage holders.

The U.S. Department of Treasury on Monday backed California Gov. Gavin Newsom's $1 billion mortgage relief grant program, clearing the way for its launch in just a few weeks. The governor estimates that between 20,000 to 40,000 California homeowners could benefit from the program, dubbed the California Mortgage Relief Program.
"We are committed to supporting those hit hardest by the pandemic, and that includes homeowners who have fallen behind on their housing payments," Newsom said in a statement Monday. "No one should have to live in fear of losing the roof over their head, so we're stepping up to support struggling homeowners to get them the resources they need to cover past due mortgage payments."
The program will fully cover overdue housing payments of up to $80,000 per household.

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