Real estate industry calls for lifting moratorium on evictions on June 30, 2021

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The broad real estate coalition gathered on June 11 to applaud President Biden for stabilizing the housing sector and to urge the administration to lift the eviction moratorium on June 30, 2021.

The Emergency Rental Home Assistance Program (ERAP), expanded unemployment insurance, incentive checks, and broad financial assistance through bills have helped the country avoid disaster and enable businesses, households and individuals to recover. However, the Real Estate Coalition is calling for an end to this aid, urging the administration to lift the unacceptable moratorium on evictions.

“The continuation of the nationwide universal federal eviction policy is contrary to current economic conditions,” the press release said. The coalition believes that this will only lead to an excessive increase in the indebtedness of tenant households and will impede the recovery of the housing sector.

“As the pandemic becomes more controllable, we look forward to working with the administration to lift unsustainable nationwide federal restrictions on real estate transactions, implement actionable solutions for tenants facing housing insecurity, and help the country recover,” the coalition said. …

The coalition is made up of 12 organizations representing commercial and non-commercial homeowners, operators, developers, lenders, property managers and cooperatives dedicated to traditional and non-traditional rental housing.

The coalition includes the CCIM Institute, the Council for Affordable and Rural Housing, the Real Estate Management Institute, the Industrial Housing Institute, the Mortgage Bankers Association, the National Affordable Housing Management Association, the National Housing Association, the National Association of Home Builders, and the National Association of Housing Cooperatives. , The National Association of Realtors, the National Association of Rented Housing, and the National Council for Multi-Family Housing.

For more information on the Real Estate Coalition, contact Adam DeSanctis at adesanctis@mba.org or visit MBA website

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