On September 2nd Nurture Boss published a blog post detailing the CDC Order also known as the “Eviction Moratorium”. Recent actions by the Biden Administration have prompted us to release an update on the current state of the CDC Order in America.
On January 20th 2021 President Biden issued an Executive Order extending the CDC eviction moratorium to March 31st 2021.
President-elect Biden is asking the Centers for Disease Control and Prevention to consider immediately extending the federal eviction moratorium until at least March 31, 2021, while calling on Congress to provide much needed rental assistance and extend it furtherwhitehouse.gov
American Rescue Plan
In President Biden’s “American Rescue Plan” he proposed extending the eviction moratorium to September 31st 2021. Also included in the Rescue Plan is $25 billion in funding for rental assistance.
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.American Rescue Plan
What does this mean for renters and apartment owners?
More details can be seen in our original post on the topic. However it is worth re-iterating the Order does not excuse the financial obligations of renters. All fees, interest, and penalties accrued due to failure to pay rent may still be charged to renters
Non-payment of rent creates a cascading problem that ends in an economic cliff come January 2021
An excerpt from a recent NAA article states:
… we know that housing providers cannot continue to shoulder the financial impacts of the pandemic alone under the constraints of eviction moratoriums and other emergency renter protections.NAA
More Action Is Needed on Rental Assistance
NAA along with 11 other national associations representing owners, operators, developers, lenders and property managers sent a letter to Congress urging them to play in supporting additional rental assistance.
With their reserves depleted and inconsistent rental income coming in, housing providers need more financial assistance to ensure that they can continue to pay payroll, utilities, mortgage payments, insurance premiums and, importantly, property taxes.