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Updated over 4 years ago on . Most recent reply

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172
Posts
93
Votes
Nathan Williams
93
Votes |
172
Posts

NEW eviction moratorium extension to Sep 2021 being proposed

Nathan Williams
Posted

FYI for anyone who needs to plan accordingly.

https://www.washingtonpost.com...

Biden's stimulus package proposal includes an eviction moratorium extension to September of 2021.  They are trying to put in rental assistance programs this go around atleast.  
Also it looks like some judges are using these moratoriums as a green like to prevent eviction for ANY reason so be careful on your tenant screening!

● Ensure that families hit hard by the economic crisis won’t face eviction or
foreclosure. The president-elect is calling on Congress to extend the eviction
and foreclosure moratoriums and continue applications for forbearance on
federally-guaranteed mortgages until September 30, 2021. These measures will
prevent untold economic hardship for homeowners, while limiting the spread of
COVID-19 in our communities. The president-elect is also calling on Congress to
provide funds for legal assistance for households facing eviction or foreclosure.
● Help renters and small landlords make ends meet by providing an
additional $30 billion in rental and critical energy and water assistance for
hard-hit individuals and families. While the $25 billion allocated by Congress
was an important down payment on the back rent accrued during this crisis, it is
insufficient to meet the scale of the need. That’s why President-elect Biden is
proposing an additional $25 billion in rental assistance to provide much-needed
rental relief, especially for low- and moderate-income households who have lost
jobs or are out of the labor market. The president-elect is also proposing $5
billion to cover home energy and water costs and arrears through programs like
the Low Income Home Energy Assistance Program, for struggling renters. These
funds will ensure that the hardest-hit renters and small landlords, including those
in disadvantaged communities that have suffered disproportionately in terms of
pollution and other environmental harms, aren’t put in the position where they
can’t cover their own housing expenses. This program includes a competitive
set-aside of funding for states to invest in clean energy and energy efficiency
projects that reduce electricity bills for families in disadvantaged communities.


Most Popular Reply

User Stats

206
Posts
156
Votes
Ana Marie B.
  • Rental Property Investor
  • SF Bay Area, CA
156
Votes |
206
Posts
Ana Marie B.
  • Rental Property Investor
  • SF Bay Area, CA
Replied

Exactly @Nathan Williams. His policies are conditioning people to be dependent on government aid — not self-sufficient, which should be the goal. 


Also, people will become spoiled and expect these types of assistance programs every time there’s economic recessions. Is spending billions (trillions) really sustainable? Someone’s footing this bill and it’s not the poor/lower middle class. Likely it’s the future generations who will feel the negative impacts of the decisions made by today’s politicians and be responsible for paying off this insurmountable debt.

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