Only government intervention can keep millions of Americans housed.
by Francesca Mari
New York Times
We’ve all been so concerned about the transition on Jan. 20 that many of us have forgotten another critical date for American democracy: Dec. 31. That’s when the federal eviction moratorium — which has held the pandemic-related eviction tsunami at bay — expires. After that date, more than 30 million Americans are at risk of losing their homes. Congress must act to stabilize the country’s rental market, prevent widespread displacement and curtail the growing domination of housing by big corporations.
More than half of renters pay 30 percent or more of their income on rent, according to the 2019 American Housing Survey, and more than half of lowest-income renter households reported some loss of employment income between mid-March and mid-September. Although CARES money has been flowing to states, which have established various rental assistance programs, all of them are oversubscribed.