Renters face "looming evictions cliff" as end of moratorium nears
Although the national eviction moratorium was extended through January — thanks to the passage of the latest big stimulus — renters aren't breathing easy, according to the Urban Institute’s Coronavirus Tracking Survey.
Why it matters: Once the latest reprieve is over, renters will likely be in the same predicament as they were in September when the moratorium took effect — and the nation will face what the Urban Institute calls a "looming evictions cliff."
- Nearly 14% of survey respondents had problems paying rent in the previous 30 days, with more people of color suffering than whites.
- About 10% of renters said they were one or more months behind on their rent, and 28% were worried about being able to pay next month's rent.
- 5% said they'd gotten an eviction notice or threat.