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Category: Apartments, Industry News, Multifamily Tags: Apartments, Biden Administration, Emergency Rental Assistance, ERA, Eviction Moratorium, Multifamily
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On June 24th, 2021 the Biden Administration announced a one-month extension of the CDC’s federal eviction moratorium through July 31st, 2021, originally scheduled to expire on June 30th, 2021. This extension was signed by CDC Director Dr. Rochelle Walensky, further preventing the eviction of tenants who are unable to make rental payments. More importantly, this announcement confirms the intention to be the final extension of the moratorium.

 

The Biden-Harris Administration also announced initiatives to promote housing stability by supporting vulnerable tenants and preventing foreclosures. The American Rescue Plan allocated an additional $21.5 billion for Emergency Rental Assistance (ERA) that renters can use to cover arrears and make landlords whole. This plan brings the total amount of ERA to more than $46 billion. Here are the essential actions that the Biden-Harris Administration announced:

 

    • Accelerate and broaden state and local delivery of ERA by providing clarity on bulk payments.
    • Pushed grantee coordination to reduce the confusion, burdens, and delays in providing assistance created by differences in locally-imposed requirements among programs operating in the same regions.
    • Enhanced targeted outreach to vulnerable tenants and guiding housing providers about eviction prevention best practices and emergency rental assistance.

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