Washington, D.C. – The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) are deeply disappointed with the extension of the Center for Disease Control (CDC)’s eviction moratorium.
After grappling with the financial distress of the pandemic and eviction moratoriums for more than a year, housing providers have few resources left. Another extension only serves to exacerbate the challenges facing the rental housing industry and does not address the underlying financial stress of apartment residents, instead forcing households to accumulate insurmountable levels of debt. Furthermore, moratoriums do nothing to deal with the continuing housing affordability challenges that our country was already facing before the onset of COVID-19.
Instead, direct financial assistance has been shown to be the most effective approach towards keeping apartment residents safely and securely housed and to preserving the stability of the rental housing industry. The almost $50 billion that has been allocated for rental assistance will prove critical in helping those in need as the country emerges from the pandemic, and we must shift focus from legally uncertain federal eviction moratoriums to swift distribution and continued rental assistance funding. NMHC and NAA applaud Congress for their efforts in securing these resources and look forward to working together on the program’s continued success.
The tens of billions in rental assistance, as well as other critical financial support measures like expanded unemployment benefits, could only come through a comprehensive federal response. Now, NMHC and NAA encourage lawmakers at state and local levels of government to prioritize focus on swift and effective distribution of rental assistance funds. State and local jurisdictions have been and continue to be best-suited to craft the solutions that best fit their individual conditions.
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For more than 25 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) have partnered on behalf of America's apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of more than 156 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of all Americans rent their housing, and 40 million of them live in an apartment home.
