Toomey on Eviction Moratorium Extension: Lacks Legal Basis and Economic Justification
Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) released the following statement after the Centers for Disease Control and Prevention (CDC) extended the national eviction moratorium through June 30, 2021.
“As
I said when the Trump administration created it, an eviction moratorium lacks
both a legal basis and an economic justification. Moreover, the entire purpose
for replacing lost income with direct rental assistance, thousands of dollars
in stimulus checks, and unemployment compensation that pays more than work
itself, was so people could pay their bills.
“There
are also unintended consequences that this eviction moratorium may cause,
including higher rents and fewer low to moderate income housing options
overall. Landlords must now account for the possibility that moratoriums like
this can occur at any time in the future. This could lead to landlords raising
rent costs to help offset future losses and to some abandoning investing in
residential housing completely.
“Instead
of extending the CDC moratorium, the Biden administration should be focused on
making the rental assistance program more workable.”
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