A tenant who is unlucky enough to live in a building that gets foreclosed upon will usually be forced out once the bank owns the property. In 2009, President Obama signed the “Protecting Tenants at Foreclosure Act” (PTFA) which allows tenants to stay in the property for at least 90 days or until the end of their lease. However, after passage of PTFA, many banks and real estate agents ignored the new law and continued to push tenants out right away.
With such dire financial strains encroached around the homes of so many, greater New Haven nonprofits are preparing to help more individuals and families than ever before acquire and maintain housing through the winter and up to 15 months thereafter. Thanks to an infusion of American Recovery Re-Investment Act, Greater New Haven nonprofits will be able to meet our communities increasing demand for emergency permanent housing assistance to individuals and families on the brink of homelessness or currently residing in emergency shelters.
