Millions face eviction this month as rent protections expire

The coronavirus pandemic is more than a public health crisis – its an economic crisis for many families already struggling. To help ease those burdens, many major U.S. cities instituted moratoriums on evictions through July 31.

But with those deadlines looming along with the end of the $600 federal contribution to state employment checks, there are fears that millions of these vulnerable tenants could be displaced.

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According to CNBC, a report by the urban planning company Urban Footprint paints a bleak picture not just after July 31, but into the future.

“This level of displacement would be unparalleled in U.S. history and carries the potential to destabilize communities for years to come,” the report says.

At the beginning of this month, 32% of U.S. households had not yet made their housing payment says a report from Apartment List, an online company that provides apartment listings.

They say that worries about home loss have increased since the pandemic forced city and state economies to shut down, putting people out of work in hard-hit industries like retail, restaurants, travel and hospitality, sports, and live music and theater.

Urban Footprint’s report says that without any additional federal or state intervention and with the uncertain future given COVID’s impact on the economy, the fallout could be catastrophic.

“The path back to pre-Covid economic activity and employment levels is unpredictable at best,” their report says. “This leaves the fate of many renters and communities in the balance.”

But help may be on the way. President Donald Trump says that he wants an additional economic benefits package on his desk before the House goes on recess August 3. After August 7, the entire legislative body is on break until after Labor Day.

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CNBC reports that the National Low Income Housing Coalition wants to see a $100B aid package to help both landlords and tenants. The House of Representatives passed that bill Monday, which included $100B in rental assistance and $75B in aid to homeowners.

It also extended federal eviction protections to March 2021. That bill is now in the Senate, where its likely DOA.

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