Tag Archives: Moratorium

California may become a ground zero for a homelessness crisis, as the end of the state’s temporary halt to evictions — which officially expired on Thursday — means renters in arrears face the prospect of being forced from their homes. Until September 30, state law automatically banned landlords from evicting people for unpaid rent. However, beginning Friday, tenants with unpaid rent can only be protected from evictions if they have applied for assistance. Tenants are still responsible for… Source link

Facing a staggering amount of back rent, hundreds of thousands of individuals and families may be put out of their homes this year as the eviction moratorium comes to an end, according to research from Goldman Sachs. Following the Supreme Court’s decision last week to strike down the pandemic-era policy that kept renters in their homes despite being unable to pay, economists at the investment bank said on Monday that about 750,000 US households will ultimately be evicted later this year,… Source link

The Supreme Court’s decision last week to strike down the pandemic-era eviction moratorium may arrive too late for many struggling independent landlords, even as it appears to heighten the risk of eviction for tenants behind on their rent. Thursday’s decision by the U.S. high court found that the Centers for Disease Control and Prevention (CDC) lacks authority under federal law to impose an eviction ban, which was set to expire on October 3. The court stressed that Congress, rather than… Source link

The federal eviction moratorium, which has allowed struggling renters swamped by the fallout from COVID-19 to remain in their homes but left landlords mostly on the hook for unpaid rent, is starting to draw more fire from both camps. As the Delta variant drives a resurgence of cases across the country, landlords and tenants alike are speaking out about the shortcomings of the moratorium, which hasn’t resolved the fundamental issue of tenants unable to pay back rent — or property owners… Source link

The Biden administration’s move to extend an eviction moratorium has done little to resolve a looming crisis — or rising tensions between tenants and landlords, with both camps stuck in a cycle of mounting confusion and despair. For now, evictions are again on hold across the U.S.: tenants have until October 3 to obtain government help to pay their rent. However, the extension is already being challenged in court — spearheaded by — where it may not survive legal scrutiny. A growing… Source link

Moderna (MRNA) has maxed out on its manufacturing capacity for 2021 and has shifted its focus to 2022 and 2023 advanced purchasing orders for its COVID-19 vaccine, officials said Thursday. The company reported $2.8 billion in vaccine revenue for the second quarter and anticipates pricing of doses will fall and impact revenue as more low- and middle-income countries become the dominant purchasers, according to officials on an earnings call. In addition, Moderna expects the global pandemic to… Source link

(Bloomberg) — The Centers for Disease Control and Prevention extended a ban evictions in areas of the country with substantial and high transmission of coronavirus on Tuesday, after a firestorm of criticism from Democrats following the lapse of a previous moratorium on Saturday. “The emergence of the delta variant has led to a rapid acceleration of community transmission in the United States, putting more Americans at increased risk, especially if they are unvaccinated,” CDC Director… Source link