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Illustration: Sarah Grillo/Axios

Nearly all American renters can now be evicted, for the first time since March 2020 — and a white-hot housing market is making eviction much more attractive for landlords.

Why it matters: There's an enormous pool of federal money available to protect renters who have fallen behind. But it's not going to stop hundreds of thousands of households from being evicted.

The big picture: Pre-pandemic, evictions tended to run at a rate of about 1 million per year. Since the pandemic hit, various federal and state moratoriums have brought that number down sharply, by about 60%.

Driving the news: The federal ban on evictions is no longer in effect, thanks to the Supreme Court, and while a handful of state eviction bans remain, nearly all of those will be gone by the end of September.

The other side: The government has earmarked $46.5 billion in emergency rental assistance (ERA), which should be more than enough to cover existing arrears. The problem is that money isn't going to renters.

  • It's distributed by the states, which are moving very slowly — New York State, for instance, has managed to spend less than 1.5% of its federal ERA funds.

By the numbers: According to the Census Bureau, 4.7 million American adults live in households "where eviction or foreclosure in the next two months is either very likely or somewhat likely."

  • If they're evicted, those families are much less likely to be able to find and keep steady work, and much more likely to end up living in crowded conditions conducive to the spread of COVID-19.
  • Goldman Sachs estimates that 750,000 households are likely to be evicted "in the fall and winter months."

The bottom line: The Supreme Court ruling is unlikely to unleash an immediate and massive backlog of evictions — such things wend their way through the courts slowly at the best of times, and the courts are understandably sympathetic to renters during a pandemic. But the number of evictions is still going to rise sharply over the coming months.

Go deeper

Philly landlords can't rely as heavily on eviction records anymore

Illustration: Brendan Lynch/Axios

New guidelines around how Philadelphia landlords can use eviction records went into effect this week.

  • It's part of an effort to encourage more individualized assessments.

Why it matters: Evictions have long-term consequences. Tenants who are evicted can lose housing subsidy vouchers, become ineligible for public housing programs and be screened out of private housing.

Updated 6 mins ago - World

Reports: Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and were due to travel to another destination when the gang struck in Port-au-Prince, Haitian security officials said, per the NYT.

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne's spent longer under lockdowns than "any other city in the world" during the pandemic, Reuters notes.