The ban was slated to end on Wed., but with 18.4% of tenants behind in rent payments, the CDC decided evictions remain a health hazard.

WASHINGTON – The Biden administration extended a federal moratorium on evictions of tenants who have fallen behind on rent during the coronavirus pandemic. The Center for Disease Control and Prevention (CDC) made the announcement on Monday

The ban applies only to renters with income impacted by COVID-19. They must:

  • Earn $198,000 annually or less for couples or $99,000 for single filers
  • Demonstrate that they’ve sought government help to pay the rent
  • Declare that they can’t pay because of COVID-19 hardships
  • Affirm they are likely to become homeless if evicted

The extension was generally expected, but some housing advocates hoped for more. Diane Yentel, president of the National Low Income Housing Coalition, says her group pushed to make the eviction ban automatic and universal.

Many landlords face a difficult situation over the eviction ban, notably smaller investors who hold mortgages on the properties they rent. Government stimulus bills have included money slated for these property owners but not all of that funding has been distributed yet.

The National Association of Realtors® (NAR) “helped secured $25 billion in 2020 and another $21.55 billion earlier this month in federal rental assistance funding, which can be paid directly to property owners,” says Shannon McGahn, chief advocacy officer of NAR. “This was critical to averting a multifamily real estate crisis, as many of our nation’s housing providers are mom-and-pop operations. Our focus now turns to ensuring there is not just enough funding but also a smooth implementation of rental assistance while the various challenges to eviction bans work their way through the courts.”

© 2021 Florida Realtors®

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Author: kerrys