What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
White House Advisor Suggests COVID Relief Bill Will Extend Eviction Moratorium
As Congress debates the contents of the next COVID relief package, the federal eviction moratorium expired last Friday. Now, it seems a moratorium extension is on the table.
National Economic Council director and White House economic advisor Larry Kudlow told CNN yesterday that the federal eviction moratorium will be extended as part of the relief bill, CNBC reports. The moratorium covers renters in multifamily buildings with government-backed mortgages, previously estimated at 9.6 million units nationwide.
Kudlow also stated that the bill will extend unemployment benefits (minus the already-expired $600 supplement) and will include another round of $1,200 checks to some taxpayers.
story continues belowloading...
story continues above
Amid record unemployment and a patchwork of COVID relief measures nationwide, experts have estimated that up to 28 million renters in the US could be evicted and homeless by the end of September without additional intervention. Many (including DC residents) have called for widespread rent cancellation or forgiveness, and the House of Representatives passed legislation last month to extend the moratorium, create a national relief fund, and back emergency rental assistance (the bill has not been introduced in the Senate).
Republicans are expected to introduce a relief bill with the moratorium extension today.
Thumbnail photo by Ted Eytan.
See other articles related to: congress, eviction moratorium, federal government, pandemic
This article originally published at https://dc.urbanturf.com/articles/blog/white-house-advisor-suggests-covid-relief-bill-will-extend-eviction-morator/17114.
Most Popular... This Week • Last 30 Days • Ever
New renderings show the public space that will be part of the huge new residential de... read »
Several large projects are in the works across the Potomac in Rosslyn while others ha... read »
In this week's edition of Above Asking, we highlight a home in Mount Pleasant that so... read »
As Los Angeles looks to implement a "mansion tax" on April 1, UrbanTurf decided to ta... read »
The 2023 Home Buyers and Sellers Generational Trends report out today found that bab... read »
At an ANC 4A meeting on Tuesday night, representatives from Whole Foods said that the... read »
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
The application has been filed for the American City Diner along Connecticut Avenue i... read »
The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »
The largest development on the boards for the H Street Corridor is planned for a fami... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- New Renderings Show Retail Plaza, Park at 435-Unit Takoma Metro Development
- The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn
- 12 Offers, $273,000 Above Asking in Mount Pleasant
- A Closer Look at the Mansion Tax
- Baby Boomers Pass Millennials As Largest Generation of Homebuyers, Per Report
- Whole Foods at Walter Reed To Open This Summer
- How to Appeal Your DC Property Tax Assessment
- Raze Application May Spell The End For One of DC's Last Diner Buildings
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
- 200-Unit Apartment Project Planned For Autozone Site Along the H Street Corridor
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro