Another housing market crash has been a looming fear ever since 2008. With homeowners being financially impacted by COVID19 these fears are even higher. As of July 23rd there were 1.75 million homes still in forbearance. However, experts are hopeful due to the many lending regulations that were put into place after 2008, these should…
This past Thursday, the U.S. Supreme Court ended the CDC's eviction moratorium.
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.
With laws constantly changing, housing providers are strongly encouraged to seek legal advice prior to serving any notice of termination for nonpayment.
The American Families Plan's proposed cap on like-kind exchanges at $500,000, which would greatly impact larger investors who are repurposing and renovating commercial real estate in a post-pandemic economy.
The Landlord Compensation Fund (LCF) reopened last week. The second round of assistance for covering rent owed by eligible tenants is at least $50 million. The timeframe for the accrued rent owed is from the past year, April 1, 2020 - April 30, 2021. If you are a participating housing provider you could receive funding…
As of February 2021, a reported estimate of 89,000 households are behind in rent equaling more than $378 million. Since the start of the pandemic in 2020 a mass wave of tenants have become behind on their monthly rent, and the numbers continue to soar. The eviction ban across the state allows tenants to remain…
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