- Nearly 40 million Americans potentially face eviction as the CDC’s coronavirus eviction moratorium nears expiration on January 1st (2021).
- The moratorium was passed in September (2020) to limit the spread of coronavirus from overcrowding living arrangements and homelessness.
- Once the moratorium ends, tenants could owe up to $70 billion in back-rent.
- Small ‘mom-and-pop’ landlords who control 41% of America’s rental housing are also suffering from rent shortfalls while still being liable for mortgages and property taxes.
- Without federal relief, America faces a housing catastrophe.
