When Congress passed the Consolidated Appropriations Act in late December, renter advocates and housing providers achieved a long-fought, milestone win with $25 billion going toward the newly created Emergency Rental Assistance program. The legislation uniquely unites renters and landlords together with funds to keep at-risk renters in their homes while also protecting property owners from losing their businesses.
Renter distress was a crisis that long pre-dates the pandemic – a problem largely ignored by policymakers until COVID-19 brought it to the forefront. Lawmakers initially responded with eviction bans, but that quickly backfired on both landlords and renters.
Read more...The New Rental Assistance Program is Tremendous But Has Five Big Flaws via GlobeSt