Covid-19 cases and hospitalizations are soaring across the U.S., the latest surge in a pandemic that continues to affect the health and livelihoods of both tenants and landlords. As cases began to skyrocket in July, the Centers for Disease Control and Prevention’s first eviction moratorium came to an end. Unable to extend that order any further, the CDC issued a new moratorium in early August, specifically targeting areas suffering from elevated levels of transmission. It’s a welcome reprieve for some tenants, but another blow for landlords struggling with delinquent rent and payments of their own. Billions of dollars in rental assistance have been made available, yet the glacial pace of distribution has left landlords wondering if relief will ever come. “The fact that there has been [at least] $45B of rent relief approved by the federal government and less than $4B distributed to renters is a problem,” Camden Property Trust CEO Ric Campo told Bisnow. “The CDC moratorium is a blunt policy mechanism that has stopped evictions that are not just about past due rents.”
On Aug. 3, the CDC issued a new 60-day moratorium on residential evictions for areas impacted by the highly infectious delta variant. The new eviction ban is intended to target specific areas of the country where cases are rapidly increasing, a… Read the full story here. |