CDC Extends Eviction Moratorium to June 30

Source: National Association of REALTORS®

Today, the CDC announced it is extending the federal eviction moratorium for an additional three months, through June 20, 2021. The moratorium prohibits housing providers from evicting a tenant who is unable to pay rent as a result of financial hardship due to COVID-19, but does not forgive the rent that is due. In addition to extending the moratorium, the CDC made a few additional changes, notably:

• it expands the order to include persons who are confirmed to have, who have been exposed to, or who may have been exposed to COVID-19 and are taking reasonable precautions not to spread the disease;
• and it requires covered persons to provide a declaration form which specifies they meet all the requirements to qualify to their housing provider.

In response, the National Association of REALTORS® (NAR) secured emergency rental assistance funding to help off-set the eviction moratorium's negative impact on housing providers who rely on rent payments to make ends meet. Louisiana received $309 million to disperse to property owners and renters who need assistance. Click here for more information on Louisiana's Emergency Rental Assitance Program.

“Rental assistance averted two crises—one for mom-and-pop property owners who did not have a reprieve from their bills and relied on their rental income and one for tenants who would have been responsible for months of back rent when the eviction moratoriums expired,” McGahn says. “We must continue to look for ways to protect tenants and property owners from further financial turmoil while ensuring housing in America remains safe and stable for decades to come.”

Louisiana REALTORS® and NAR continue to advocate for additional funding to stabilize the rental housing market.