BY BRAD BECKETT ON JULY 27, 2020
The National Multifamily Housing Council recently put together some important facts about the adverse effects of extending the current eviction moratoriums. They recognize that the Coronavirus pandemic has caused serious economic pain for millions of American families. However, they point out that without long-term solutions that support renters affected by COVID-19, the economic crisis could become a housing crisis rivaling 2008. Click here to read more.
Bottom line: Extending eviction moratoriums should not be part of those policy solutions and would cause more harm than good while rippling through the entire economy. Indeed…
“Building owners rely on rent payments to pay their mortgages, property taxes, employee salaries, maintenance and utilities. Extended moratoriums create an untenable situation for housing providers by significantly interrupting the revenue needed to meet their financial obligations, support critical city services and operate their properties to safely house America’s 109 million renters.”