NEW eviction moratorium extension to Sep 2021 being proposed

NEW eviction moratorium extension to Sep 2021 being proposed

Member since 2019 · 172 posts · 93 votes

FYI for anyone who needs to plan accordingly.

https://www.washingtonpost.com...

Biden's stimulus package proposal includes an eviction moratorium extension to September of 2021.  They are trying to put in rental assistance programs this go around atleast.  
Also it looks like some judges are using these moratoriums as a green like to prevent eviction for ANY reason so be careful on your tenant screening!

● Ensure that families hit hard by the economic crisis won’t face eviction or
foreclosure. The president-elect is calling on Congress to extend the eviction
and foreclosure moratoriums and continue applications for forbearance on
federally-guaranteed mortgages until September 30, 2021. These measures will
prevent untold economic hardship for homeowners, while limiting the spread of
COVID-19 in our communities. The president-elect is also calling on Congress to
provide funds for legal assistance for households facing eviction or foreclosure.
● Help renters and small landlords make ends meet by providing an
additional $30 billion in rental and critical energy and water assistance for
hard-hit individuals and families. While the $25 billion allocated by Congress
was an important down payment on the back rent accrued during this crisis, it is
insufficient to meet the scale of the need. That’s why President-elect Biden is
proposing an additional $25 billion in rental assistance to provide much-needed
rental relief, especially for low- and moderate-income households who have lost
jobs or are out of the labor market. The president-elect is also proposing $5
billion to cover home energy and water costs and arrears through programs like
the Low Income Home Energy Assistance Program, for struggling renters. These
funds will ensure that the hardest-hit renters and small landlords, including those
in disadvantaged communities that have suffered disproportionately in terms of
pollution and other environmental harms, aren’t put in the position where they
can’t cover their own housing expenses. This program includes a competitive
set-aside of funding for states to invest in clean energy and energy efficiency
projects that reduce electricity bills for families in disadvantaged communities.


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Rental Property Investor · SF Bay Area, CA · Member since 2015 · 206 posts · 156 votes
5y

Exactly @Nathan Williams. His policies are conditioning people to be dependent on government aid — not self-sufficient, which should be the goal. 


Also, people will become spoiled and expect these types of assistance programs every time there’s economic recessions. Is spending billions (trillions) really sustainable? Someone’s footing this bill and it’s not the poor/lower middle class. Likely it’s the future generations who will feel the negative impacts of the decisions made by today’s politicians and be responsible for paying off this insurmountable debt.

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  • Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes
    5y

    I was trying to find more details, I don't think the actual text is up yet, but the biden website did release a summary if anyone wants a primary source:  https://buildbackbetter.gov/wp...   (starts on page 10, same exact text as above though I think)  .. It does not mention closing "loopholes" so hopefully the counties that allow other types of evictions (holdover, lease violations, etc) can still continue. 

    It does say there will be another 25B in rental assistance, and 5B towards energy costs (?)

    I was no fan of the last guy and not really a fan of the new guy either. 

  • Member since 2020 · 339 posts · 356 votes
    5y

    @Nathan Williams

    Are you surprised ? The guy promised higher taxes and more regulation.

  • Rental Property Investor · NC · Member since 2018 · 25 posts · 5 votes
    5y

    "Small" landlords only. Has a clear definition been established for what constitutes "small"?

  • Tracy StreichPro Member
    Real Estate Broker · Tulsa- OKC Oklahoma · Member since 2017 · 868 posts · 801 votes
    5y

    Hope you have some reserves.   Could be a bumpy ride but also lots of opportunity. 

  • Real Estate Broker · Portland, OR · Member since 2019 · 4k+ posts · 2k+ votes
    5y

    Has a clear definition been established for what constitutes "small"?

    Sure, it's the inverse of their contributions to the Ds war chest.  More money they give, the more "small" they are to govt aid.

  • Member since 2019 · 172 posts · 93 votes
    5y

    what I really dont get is if you are giving people all this free money in unemployment bonuses, stimulus checks, and rental assistance so that they can pay their rent, why also prevent them from getting evicted?  This is dangerously conditioning people that they dont have to be responsible with their obligations.

  • Rental Property Investor · SF Bay Area, CA · Member since 2015 · 206 posts · 156 votes
    5y

    Exactly @Nathan Williams. His policies are conditioning people to be dependent on government aid — not self-sufficient, which should be the goal. 


    Also, people will become spoiled and expect these types of assistance programs every time there’s economic recessions. Is spending billions (trillions) really sustainable? Someone’s footing this bill and it’s not the poor/lower middle class. Likely it’s the future generations who will feel the negative impacts of the decisions made by today’s politicians and be responsible for paying off this insurmountable debt.

  • Newport Coast, CA · Member since 2014 · 95 posts · 73 votes
    5y

    Also, all this free extra money does not obligate the renter to use it to pay rent. Renter can use it to buy a new car, a new TV or anything and leave the landlord empty with nothing. That's what one of my tenant is doing to me. Tenant got all this free money and can afford to hire a lawyer to defend her but tells me in an email she doesn't have any money to pay me.

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