Real Estate Coalition Letter on Eviction Moratorium of July 17, 2020 | Excerpt from letter “The undersigned national associations represent for-profit and non-profit owners, operators, developers and property managers involved in the provision of rental housing, both affordable and conventional. As the Senate develops the next phase of legislation to combat the COVID-19 pandemic, we are writing to share our concerns on proposals that would extend and expand the federal eviction moratorium established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. A protracted eviction moratorium is not a sustainable, long-term solution for American families facing financial hardship and is ruinous to the rental housing market. The unique nature of the rental housing industry puts our members on the front lines of responding to the COVID-19 pandemic and they take seriously the responsibility to ensure their residents are safe and secure. Housing providers work with those who are impacted by COVID-19 on rent repayment arrangements, waiving fees and connecting them with social service resources. There is a shared goal between providers and residents to preserve housing stability and minimize displacement during this crisis. Extended eviction moratoria undermine these good faith efforts.”
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