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Eviction Cliff Years in the Making and the Need for Comprehensive Action
From the Executive Summary: "The challenges around eviction and housing affordability predate the pandemic, which means the response must also extend well beyond it to protect renters now and from ongoing housing instability going forward. While COVID-19 [coronavirus disease 2019] is pushing tens of millions of people over the eviction cliff, the staggering lack of affordable housing, particularly for the lowest income households, has made that cliff especially high. Prior to COVID-19, nearly 90 percent of renters with income below $20,000 were housing cost burdened, as were nearly half of all renters. The pandemic has exposed and exacerbated the limitations of our affordable housing infrastructure and failures in the social safety net. In a new national poll conducted by Data for Progress, large majorities of voters across party affiliations expressed support for measures to prevent eviction, including rent forgiveness and city, state, and federal funding to compensate landlords and lenders."
Data for Progress
Howell, Kathryn; Reina, Vincent J.
2020-07
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Current Responses to Housing Insecurity: A Focus on Vulnerable Residential Renters and Landlords
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."
Federal Reserve Bank of New York
Body, Dyvonne; Landau, Rebecca; Reyes, Edison . . .
2021-09-23?
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