Rent for many people is due on Wednesday, July 1, and housing rights groups across the country say they are bracing for a wave of eviction complaints in July.
For some tenants, it’s not just July rent that’s due. It’s now several months’ worth.
“We are extremely worried, because all of the indicators point to there being massive evictions across the country,” said Lisa Rice, CEO of the National Fair Housing Alliance. “And we do not have the infrastructure to deal with that.”
According to the Urban Institute, nearly 20% of people who rent did not pay in June. Rice said evictions may disproportionately affect Black and Latino households, who are about twice as likely to be renters as whites.
Richard St. Paul, with the New York City Small Homeowners Association that represents landlords, said they need help too. Mortgage payments are due.
“Most of our members have relationships with the tenants. What our members want is some type of assistance, that will help the tenants,” St. Paul said.
That’s also what many renters rights organizations are saying: that government needs to step in, and help both renters and landlords stay afloat.
COVID-19 Economy FAQs
What do I need to know about tax season this year?
Glad you asked! We have a whole separate FAQ section on that. Some quick hits: The deadline has been extended from April 15 to May 17 for individuals. Also, millions of people received unemployment benefits in 2020 — up to $10,200 of which will now be tax-free for those with an adjusted gross income of less than $150,000. And, for those who filed before the American Rescue Plan passed, simply put, you do not need to file an amended return at the moment. Find answers to the rest of your questions here.
How long will it be until the economy is back to normal?
It feels like things are getting better, more and more people getting vaccinated, more businesses opening, but we’re not entirely out of the woods. To illustrate: two recent pieces of news from the Centers for Disease Control. Item 1: The CDC is extending its tenant eviction moratorium to June 30. Item 2: The cruise industry didn’t get what it wanted — restrictions on sailing from U.S. ports will stay in place until November. Very different issues with different stakes, but both point to the fact that the CDC thinks we still have a ways to go before the pandemic is over, according to Dr. Philip Landrigan, who used to work at the CDC and now teaches at Boston College.
How are those COVID relief payments affecting consumers?
Payments started going out within days of President Joe Biden signing the American Rescue Plan, and that’s been a big shot in the arm for consumers, said John Leer at Morning Consult, which polls Americans every day. “Consumer confidence is really on a tear. They are growing more confident at a faster rate than they have following the prior two stimulus packages.” Leer said this time around the checks are bigger and they’re getting out faster. Now, rising confidence is likely to spark more consumer spending. But Lisa Rowan at Forbes Advisor said it’s not clear how much or how fast.
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