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IPFS News Link • Housing

U.S. Poised for Wave of Evictions in January as Federal Ban Expires

• https://www.wsj.com, Will Parker

More American renters could be evicted from their homes in January than in any month ever, as protections put in place during the Covid-19 pandemic expire unless a last-minute deal is reached to extend them.

That month is when the Centers for Disease Control and Prevention's ban on evictions is set to expire. The moratorium protects tenants who have missed monthly rent payments from being thrown out of their homes if they declare financial hardship. The CDC ordered the halt on evictions under the Public Health Service Act, which allows the federal government to enact regulations that help stop the spread of infectious diseases.

Between 2.4 million and 5 million American households are at risk of eviction in January alone, and millions more will be vulnerable in the months after, according to estimates from the investment bank and financial-advisory firm Stout Risius Ross.


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