The Nationwide Eviction Moratorium is set to expire today, July 31st. Originally set to expire in September 2020, the Biden administration has extended it multiple times. On July 29th the Biden Administration said it would not attempt to extend the moratorium but President Biden is now asking Congress to intervene and extend the ban.
“NAR is prepared to oppose vigorously any unreasonable effort by Congress to extend the ban without assistance for small housing providers,” says Shannon McGahn, chief advocacy officer for NAR. “We have argued all along that the best solution for all parties is rental assistance for tenants in need paid directly to housing providers. Nearly half of all rental housing in America is a mom-and-pop operation, and these providers cannot continue to live in a state of financial hardship.”
Georgia and Alabamas associations of REALTORS® and two housing providers have challenged the ban for months now with little successes along the way including a ruling in May by U.S. District Court Judge for the District of Columbia Dabney Friedrich. Friedrich ruling agreed that the CDC exceeded its authority and sided with small housing providers, thus overturning the ban.
To read more CLICK HERE for the full article from the National Association of REALTORS® (NAR).
If you or someone you know is a property manager and looking for guidance please don't hesitate to reach out. The Legacy Real Estate Group is here to help you navigate this confusing situation.