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Biden Extends Eviction Ban; NMHC, NAA Raise Concerns
Newly inaugurated President Joe Biden made an extension of the Centers for Disease Control’s moratorium on renter evictions one of his first-day priorities, signing an executive order Wednesday to extend the measure through March. Separately, Biden’s proposed American Rescue Plan allocates $25 billion in rental and utility assistance for rental relief to low- and moderate-income households “who have lost jobs or are out of the labor market.”
In a joint statement Wednesday evening, the National Multifamily Housing Council and National Apartment Association sounded a note of caution, expressing appreciation for Biden’s “prompt and well-intended action to address the ongoing financial struggle of our nation’s 40 million renters.
“However, NMHC and NAA continue to raise serious concerns about eviction moratoriums because they do not address underlying financial distress and leave households accumulating insurmountable levels of debt,” according to the statement.
The two associations said they’re “heartened” by the American Rescue Plan, but noted, “We are deeply concerned that the President’s rescue package includes a nine-month eviction moratorium in addition to the CDC Order extension enacted today. Such policies have been in place for nearly a year while targeted, direct rental assistance took nine months to pass Congress.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
