The federal government’s emergency eviction protection measure, which has protected about 100,000 people in the Bay Area from being evicted due to skyrocketing rents and home prices is set to expire. The end of this program will result in a “unprecedented spike” in rent increases according to experts. Already many renters are experiencing an increase as they struggle with rising costs while juggling their other expenses like food or medicine for themselves and their families.
This unfortunate situation can be attributed mostly because landlords now know that these tenants cannot rely on any form of assistance anymore since it may not exist when the deadline hits its expiration date later this month. Experts say those who were lucky enough once relied upon such measures should look at securing new housing.
The Centers for Disease Control and Prevention’s (CDC) ban on evictions expired last year, which means that soon landlords will be able to evict tenants who have fallen behind on rent. In order to offer support in the form of housing assistance, Congress allocated nearly $47 billion dollars but so far states are slow to distribute these funds. To understand what may happen next we talked with NYU professor Dr. Gould Ellen about federally funded emergency rental assistance programs such as Section 8 and other subsidies from HUD-subsidized apartment buildings or public housing projects where low income individuals can find shelter at a cheaper cost than they would if it were market rate.”
“While some states including California has their own eviction bans,” said Gould Ellen when speaking about how people will react to the bans expiration.
The question is: “We’ve been talking about an eviction crisis since the start of the pandemic, but it hasn’t happened yet. Do you think we’re poised to see one soon? Why or why not?”
A large percentage of renters are behind on their rent and some have even reached that point at which they will lose their homes if they don’t make payments before a lease expires. However most landlords hesitate because there’s both uncertainty in finding new tenants as well as waiting for federal assistance programs like moratoriums coming to end so property can be repossessed.
The CDC Eviction Moratorium set to expire in 2020 has given many renters a reprieve from losing their homes, but for how long? With the moratorium expiring soon and housing costs on the rise nationwide, we can only expect evictions will climb significantly. In my opinion there are going to be increases all over America with cities like New York City seeing record high numbers of eviction filings so far this year according to Curbed NY . I believe that places where tenant protections are low such as California or Florida may see higher rates than other regions because they have more expensive rents which make it difficult for tenants who do not bring home much income. It is possible you’ll even find some improvements outside these large metropolitan areas if states pass legislation protecting landlords.
The $47 billion funds allocated in the recent government spending bill is not enough to provide for those that need it most. However, with efforts from all levels of our society, we will be able to ensure that these families and individuals can find a place where they are comfortable living without fear of eviction or homelessness.