September 2, 2020
Assessing the Trump Administration’s Proposed Eviction Moratorium
The Centers for Disease Control and Prevention (CDC) recently proposed an order prohibiting many rental evictions through December 31. This order could provide relief to as many as 40 million renters, but it is a delaying tactic at best, contends AAF’s Director of Financial Services Policy Thomas Wade. Without accompanying financial assistance to renters and landlords, this order could have devastating impacts on individuals and the broader housing market, he notes.
Keeping millions of Americans in their homes during these extraordinary times should be considered the lowest possible metric for success…. But merely keeping people in their houses is not enough, and the CDC’s order may create more problems than it solves. Once again, this administration has proposed an extraordinary liquidity shortfall for those individuals and companies that own properties without attempting in any way to provide financial redress; as a measure, it is as nonsensical and egregious as proposing that all doctors work for free until Christmas.