Getty ImagesKey FactsThe long-awaited stimulus bill, which is awaiting President Trump’s signature, includes $25 billion in financial assistance for renters and a one-month extension on an existing federal eviction moratorium. What concerns experts most is the pressure cooker of the eviction moratorium, whose one-month extension likely won’t even allow enough time for state and local governments to receive and disburse the federal aid. “There are [eviction] cases stacked up in communities across the country that landlords and the courts could move quickly on if states and localities are not able to deliver assistance as promptly as people need it.”Key BackgroundExtending the eviction moratorium is not solely dependent on congressional approval. Some states and localities implemented their own temporary eviction prevention measures, but many expired as the pandemic dragged on, according to the Eviction Tracking Project. “For many, a displacement and eviction crisis will follow the public health crisis,” wrote the tracker’s researchers, who are affiliated with Princeton University.

Source: Forbes December 22, 2020 23:03 UTC