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Massive back-pay bills loom for millions of households rescued by moratoriums

Evictions can spiral into homelessness, unemployment, poor health and other serious problems, advocates for housing assistance say. President Biden said last week that the nation can’t afford not to provide another bailout for tenants and homeowners. (Associated Press)

By Dave Boyer

The Washington Times

Federal moratoriums on evictions and bans on mortgage foreclosures have helped ease the housing crisis during the COVID-19 pandemic, but a massive bill is coming due for renters, homeowners, landlords and taxpayers as the coronavirus crisis enters its second year.

An estimated 9.4 million households in the U.S. owe about $57.3 billion in back rent, utilities and late fees that they must pay eventually — an average of $5,600 per household. A federal moratorium on evictions for not paying rent is due to expire March 31.

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https://www.washingtontimes.com/news/2021/feb/21/evictions-foreclosures-ban-back-play-bills-coming-/

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