Rental Property Investor · Midland, TX · Member since 2016 · 185 posts · 180 votes
Did today's executive order that puts a moratorium on evictions just good and rightly screw landlords across the nation?
While he also signed an EO that extended extra UI benefits to those unemployed, it is maxed out at $400 per week and is not fully funded by the Feds. It also relies on the states to come up with a large extra contribution each week. Many governors claim they have no money to contribute and the order also doesn’t bind the states to contribute.
Finally, there is no relief for landlords in the executive order which might provide funding in the event that tenants don’t pay and cannot be evicted.
I’m worried about Congress’s inaction & EO’s that are clearly hostile To the rights of landlords.
Did today say executive order that puts a moratorium on evictions just good and rightly screw landlords across the nation?
While he also signed an EO that extended extra UI benefits to those unemployed, it is maxed out at $400 per week and is not fully funded by the Feds. It also relies on the states to come up with a large extra contribution each week. Many governors claim they have no money to contribute and the order also doesn’t bind the states to contribute.
Finally, there is no relief for landlords in the executive order which might provide funding in the event that tenants don’t pay and cannot be evicted.
I’m worried about Congress’s inaction & EO’s that are clearly hostile To the rights of landlords.
I'm waiting for the actual print of the EO so I can read what was actually ordered. Don't trust the media, they haven't gotten anything right in a long time. Always go to the source information and then decide.
Does it extend the moratorium only on the same categories as covered in the CARES Act? Or has it expanded the coverage to all properties (including those free and clear)?
"(c) The Secretary of Housing and Urban Development shall take action, as appropriate and consistent with applicable law, to promote the ability of renters and homeowners to avoid eviction or foreclosure resulting from financial hardships caused by COVID-19. Such action may include encouraging and providing assistance to public housing authorities, affordable housing owners, landlords, and recipients of Federal grant funds in minimizing evictions and foreclosures."
Rental Property Investor · Midland, TX · Member since 2016 · 185 posts · 180 votes
6y
There are parts of the EO’s that are clearly unconstitutional. All spending and revenue bills are to originate in the House of Reps.
Plus it mandates the states pay $100 of the $400. EO’s cannot mandate spending by states or local governments so that’ll likely be ruled unconstitutional as well.
I don’t know about the legality of placing a moratorium on eviction proceedings. That may have to be a boba fide law from Congress with presidential signature.