U.S. public transit agencies have been reacting to news and developments on the fly, as sudden declines in ridership, loss of revenue, waves of protest, and an uncertain long-term prognosis continues to disrupt day-to-day operations.
Breaking news: a federal moratorium on evictions and foreclosures of single-family mortgages backed by Fannie Mae and Freddie Mac will be extended until at least the end of August. The moratorium had been set to expire at the end of June.
Ithaca, New York is the first city in the nation to go through with a plan to cancel rent, giving three-quarters of the residents in the city a needed safety net as the coronavirus pandemic and resulting economic crisis persists into the summer.
Of all the nightmare scenarios that became possible when the coronavirus hit the shores of the United States, the possibility of massive evictions and a rental market failure seems to have averted the worst possible outcomes. That could still change.