August 5, 2021

MP Now News

Mortgage News

CDC delivers verdict on eviction and foreclosure bans

White House spokeswoman Jen Psaki said Wednesday the eviction ban, which had previously been extended several times, was “always intended to be temporary,” and the president’s goal is to provide some kind of exit to tenants affected by COVID once it ends.

“So we’ve also worked to take additional steps to ensure people get the support they need to stay in their homes, whether they’re renters or homeowners,” said Psaki. “But we would certainly leave their decision and timing up to the CDC.”

Following the CDC’s decision to extend the pandemic emergency shelter, the White House announced a series of measures to stabilize homeowners and help them make the transition without massive social upheaval. The administration’s new initiative includes accelerating the distribution of emergency aid for rental housing, developing eviction diversion programs, and more.

Landlords and housing associations have made it clear that they are against an extension. Last week, a coalition of real estate organizations wrote a letter to Biden advising it Time to put an end to the moratorium.