On August 26th, 2021, The United States Supreme Court made the decision to not uphold the CDC’s rent moratorium that was originally scheduled to end July 31st now is extended until October 3rd to make time for the remaining Emergency Rental Assistance Program. However, those funds have been distributed slowly as only 89% of funding has yet to be distributed according to US News.
According the New York Times there have already been 450,000 evictions filed in courts across the country since the pandemic began in March of 2020. Though many citizens were protesting across the country and Capitol Hill. Rep. Cori Bush of Missouri spearheaded the charge to help renters have a chance to keep their homes. There are currently 11 million renters that are currently facing eviction. This sparked outrage and protests began to form in major cities across the country. In New York City as reported by Rhea Jha of WETM18News.
Rep. Bush slept outside along with protestors until there was plan in place to help the millions of Americans who are facing eviction. Also,
Rep. Bush spoke to MSNBC about the current events and stated the following “The pandemic isn’t over, the job crisis isn’t over, the health crisis isn’t over before this pandemic started, we already had a housing crisis before this pandemic started, we can’t make it even worse right now…”
Amid the rising cases of the Delta variant the CDC has concerns that the rising in homelessness could cause greater exposure. The CDC has stated that the Delta variant is twice as contagious and can cause more severe symptoms than the original COVID-19 virus, the concerns for the most severe symptoms are for the unvaccinated. The country has been divided on this issue since 2020 when the shutdown, massive layoffs and furloughs began.
As the outrage over the mass eviction filings continue Landlords are not receiving the funds to pay mortgages, property upkeep and other necessities. CNBC reported that majority of landlords are individual investors are individual investors and they are losing the most during this time and will be forced to sell their properties. Right now, small landlords own an estimate of 23 million units and 17 million properties across the United States.
The article also brings concerns regarding the housing market as well stating that if landlords as well as tenants do not receive assistance from their local governments that this will bring major ramifications to the housing market as a whole.