ABSTRACT

Current Responses to Housing Insecurity: A Focus on Vulnerable Residential Renters and Landlords   [open pdf - 0B]

From the Document: "On July 31, 2021, the federal eviction moratorium that kept an estimated 30 million people in their homes at the height of the pandemic officially expired. While the Centers for Disease Control and Prevention (CDC) issued a subsequent order on August 3, 2021 to temporarily halt evictions in counties where COVID-19 [coronavirus disease 2019] is spreading rapidly, the U.S. Supreme Court ruled later that month that the CDC exceeded its statutory authority by imposing the nationwide eviction moratorium, effectively ending it. The ruling means that eviction proceedings can resume where state or local moratoriums are not currently in place. [...] Although certain state and local governments extended their eviction moratoriums, housing experts still expect a wave of evictions this year, prompting an immediate need to alleviate the pressures on renters and landlords. In response, the Federal Reserve Bank of New York (New York Fed), in partnership with the Federal Reserve Bank of Philadelphia (Philadelphia Fed), the Local Initiatives Support Corporation (LISC), and the Housing Initiative at Penn (HIP), convened a roundtable of housing practitioners, policymakers, and funders to identify solutions. This roundtable discussion is part of the New York Fed's broader body of work seeking to enable economic mobility for low- and moderate-income households, especially those facing poverty or structural disparities related to race or ethnicity. Below are key takeaways that we heard from experts on the experiences of renters and landlords."

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Date:
2021-09-23?
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Federal Reserve Bank of New York
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Federal Reserve Bank of New York: https://www.newyorkfed.org/
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application/pdf
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