Homeless people who live in tents along a underpass in Washington D.C. Photo by Michael S. Williamson: The Washington Post via Getty Images.

Affordable housing advocates are calling on Congress to do more to protect the fragile housing options for low-income workers who are at heightened risk of losing their homes as the COVID-19 public health crisis drags on.

Why it matters: Without a place to stay, it's next to impossible to maintain the "social distance" necessary to prevent the spread of the coronavirus.

Driving the news: Nearly two dozen community groups are today sending a letter urging lawmakers to provide financial assistance for people who are homeless or in precarious housing situations, rather than "bailing out corporations."

The big picture: The high cost of housing has put enormous financial pressure on workers whose wages have not kept pace. The looming economic slowdown will make it harder for workers to make rent.

"The legislation passed by Congress this week utterly failed to address people's need for housing," the letter reads. "Without housing, our families, neighbors, and members will not be able to follow any recommendations from the CDC or our local governments to slow the spread of COVID 19."

The groups, which represent renters, tenants, unsheltered and homeowners under increasing financial pressure, are asking for three things:

  1. Moratorium on evictions, including on foreclosures and evictions of both public and private housing, and utility shutoffs.
  2. National mortgage and rent holiday, including passing legislation to reduce rents and mortgage payments during the crisis.
  3. $200 billion Housing Security Fund to provide rent and payment assistance, funding for expanded services for people experiencing homelessness, and assistance to families needing safe housing during the crisis and its aftermath.

Earlier this month, about 100 members of these organizations — including Stand Up Nashville, Center for Popular Democracy Action and Pittsburgh United — held a rally outside the Department of Housing and Urban Development to press for greater assistance for affordable housing. HUD officials declined to meet with the protesters.

Where it stands: President Trump directed HUD to halt foreclosures and evictions of HUD-backed properties — which would help only about 6.7 million people — until the end of April. The Federal Housing Finance Agency is directing Fannie Mae and Freddie Mac to halt foreclosures and evictions for 60 days.

Reality check: While Congress is unlikely to agree to these demands in full, the existing moratoriums will not be enough to prevent people from losing their homes as experts predict it will take longer to get COVID-10 under control.

Go deeper: How to protect the homeless from the coronavirus

Go deeper

Updated 41 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 33,137,748 — Total deaths: 998,372 — Total recoveries: 22,952,164Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 7,116,456 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine. The long-term pain of the mental health pandemic
  5. World: India the second country after U.S. to hit 6 million cases
Dion Rabouin, author of Markets
57 mins ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

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Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.

Fortune 100 companies commit $3.3 billion to fight racism and inequality

Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

Big businesses continue to push funding toward fighting inequality and racism, with the 100 largest U.S. companies' monetary commitments rising to $3.33 billion since the death of George Floyd at the hands of Minneapolis police earlier this year, according to an Axios analysis.

Why it matters: The continued pace of funding commitments shows that months after Floyd's death there remains pressure for the wealthiest corporations to put their money behind social issues and efforts.