Residential tenants paying rent (or maybe not)

David Goldsmith

All Powerful Moderator
Staff member

Despite no mass-eviction event, filings are on the rise​

Moratorium’s end didn’t spark mass evictions, but growing concern: report​

The end of the national moratorium didn’t spark an eviction surge, but gaps in federal rental assistance and tenant protections have reportedly given way to a swelling trend. (iStock)
The mass-eviction event many feared would follow the federal moratorium’s expiration in August didn’t come to pass, but tenants across the U.S. are facing a steady rise in filings.
Evictions are beginning to accelerate across the country in a slow-moving crisis, The New York Times reports. Housing experts and advocates told the outlet they are largely concerned that amid gaps in tenant resources and eviction data, it’s unclear where the trend is headed.
The Eviction Lab at Princeton University noted a nearly 14 percent increase in filings in the first two weeks of October compared to the previous month. According to the Times, that increase came on the heels of a 10 percent month-over-month spike in the first two weeks of September.
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However, the rate of filings does not encompass a complete picture. The Eviction Lab only tracks 31 cities and six states, making the true number of evictions almost impossible to nail down. One think tank says one-third of American counties don’t have any available eviction court data.
The filings the Eviction Lab did track were still at about half the pre-pandemic average during the first two weeks of October. The $46.5 billion rent relief program has likely had an impact in keeping evictions as low as they are so far.

However, trouble could be around the corner. The Urban Institute told the Times more than 37 percent of renters live in jurisdictions with local moratoriums or postponed eviction judgments still in place, meaning more tenants could be imperiled once those protections expire.
Additionally, the rental market’s explosion in recent months could price out more and more tenants. Through the end of July, asking rents for single-family homes soared nearly 13 percent year-to-date, the highest increase in five years, according to data from Yardi Matrix. In August, the national average rent hit $1,539, a 10.3 percent increase from the previous year.

The slow rollout of federal rental assistance in recent months has complicated resources for landlords as well, who could be forced to pursue court without aid as judges continue to work through a backlog of cases filed during the pandemic.
In New York, some landlords are seeking alternate ways to get timely judgments against nonpaying tenants, turning towards civil court to try for money judgments, rather than the repossession of a home.
 

David Goldsmith

All Powerful Moderator
Staff member

State pulls the plug on rent relief
Gov. Hochul has asked for almost $1 billion in additional funding
New York


New York’s portal for emergency rental assistance will stop accepting new applications Sunday night, shutting out potentially hundreds of thousands of landlords — and their tenants.

Gov. Kathy Hochul, in a press release Friday afternoon, said the state had earmarked virtually all of the $2.4 billion in available funding to applicants and had requested another $996 million from the Treasury Department.

Absent that federal infusion, the portal will close to new applicants at 10 p.m. on Nov. 14, according to the state Office of Temporary and Disability Assistance.

With 278,700 applications submitted and only 168,000 households approved, the decision means more than 100,000 will get nothing from this potentially last round of funding.

The Community Housing Improvement Program, a landlord group, estimates that at least 162,000 additional renters in the state have yet to apply.
 
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