Supreme Court End Moratorium

[Brian Tietje]

This hot my mail today. Hopefully, this ignites activity in lagging programs such as NY's ERAP Program. I am skeptical the state was holdiing the $ and dragging its feet in releasing funds to landlords because no evictions could take place. The last article I saw in the 3 months less than 5% has been distributed. 

"The U.S. Supreme Court ended the Centers for Disease Control and Prevention (CDC’s) eviction moratorium Thursday night, giving much-needed relief to America’s small housing providers facing financial hardship for more than a year.

In a 6-3 ruling, a majority of justices agreed that the stay on the lower court’s order finding the CDC’s eviction moratorium to be unlawful was no longer justified.

In their order, the justices wrote, “The moratorium has put the applicants, along with millions of landlords across the country, at risk of irreparable harm by depriving them of rent payments with no guarantee of eventual recovery. Despite the CDC’s determination that landlords should bear a significant financial cost of the pandemic, many landlords have modest means.”

The case was brought by the Georgia and Alabama Associations of REALTORS® and other property providers, with NAR's help.

In May of this year, U.S. District Judge Dabney Friedrich for the District of Columbia had struck down the ban as unlawful, but she stayed her ruling pending appeal. The case wound up twice before the D.C. Circuit Court of Appeals and Supreme Court." 

[Nathan Gesner]

Unfortunately, it was already ruled illegal in July by the US Supreme Court and was extended again. I can't tell if these politicians are just ignorant, stupid, or evil but they are doing everything they can to hurt the mom-and-pop investors while coddling the bad actors. Even if the moratorium ends, they'll hit us with something else soon enough.