Washington, D.C. – A broad real estate coalition today applauded the measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30, 2021.
In a joint letter to President Biden, the coalition said the broad financial assistance provided through relief bills, including Emergency Rental Assistance Program (ERAP) funds, expanded unemployment insurance and direct stimulus checks, has helped avoid a financial catastrophe and provided a path to recovery for individuals, households and businesses alike.
“As the pandemic comes under better control, we look forward to working with the Administration to end unsustainable nationwide federal restrictions on property operations, implement workable solutions for renters facing housing instability and help the country recover,” the coalition said.
The continuation of a nationwide one-size-fits-all, federal eviction policy is at odds with the current economic environment and will ultimately only serve to place insurmountable levels of debt on renter households and impede the recovery in the housing sector.
Moreover, the U.S. hit the lowest levels of new recorded COVID-19 cases and average daily deaths since March 2020 and vaccines are widely available with 63 percent of U.S. adults having received at least one vaccination.
The coalition is committed to working in partnership with policymakers at all levels to deliver housing assistance to renters while concluding the nationwide eviction moratorium at the end of June.
The group consists of 12 organizations who represent for profit and non-profit housing owners, operators, developers, lenders and property managers and cooperatives involved in rental housing, both affordable and conventional.
The coalition members include:
CCIM Institute
Institute of Real Estate Management
Mortgage Bankers Association
National Apartment Association
National Association of Housing Cooperatives
National Leased Housing Association
Council for Affordable and Rural Housing
Manufactured Housing Institute
National Affordable Housing Management Association
National Association of Home Builders
National Association of REALTORS®
National Multifamily Housing Council
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the apartment industry. We bring together the prominent owners, managers and developers who help create thriving communities by providing apartment homes for 40 million Americans, contributing $3.4 trillion annually to the economy. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail the Council at info@nmhc.org.
