General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsInside the New Coronavirus Relief Bill: a Total Eviction Moratorium
https://www.bloomberg.com/news/articles/2020-10-03/house-coronavirus-relief-bill-would-ban-evictionsThe $2.2 trillion stimulus package passed by House Democrats includes a complete ban on eviction and foreclosure filings for 12 months.
On Oct. 1, just hours before the first reports of the news that President Donald Trump had tested positive for Covid-19, the U.S. House of Representatives passed a $2.2 trillion coronavirus relief package. Among the elements in the bill: a complete ban on eviction filings over nonpayment. Thats a far stronger action than Congress or the White House has taken previously.
The legislation that Democratic lawmakers passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic forbearance for delinquent borrowers to address the needs of struggling homeowners.
Now I'm all in favor of helping the poor out and being compassionate, but what exactly are landlords expected to do? My family has two rental properties and this could create some utter nightmares for us if it passes and we get tenants refusing to pay rent with no way to evict them.
KWR65
(1,098 posts)We don't know if State and Federal governments can interfere in private rental contracts. This also could be considered a taking by the government where it would have to pay the land owners for their losses.
Cerridwen
(13,258 posts)As with prior eviction bans, the new House bill does not cancel the rent, a step that many progressive groups and tenant advocates have pressed Congress to take. Aid for property owners, however, could offset lost rent and prevent mortgage defaults by landlords. About half of rental properties nationwide are owned by small mom-and-pop landlords, many of whom have struggled to keep up with payroll, maintenance and taxes during the pandemic.
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tblue37
(65,341 posts)The government should pay landlords to keep people who are unemployed due to the pandemic housed.