A federal judge overturned the CDC eviction moratorium on Wednesday, May 5th.. This measure has been in place since last September.
The Judge ruled: “It is the role of the political branches, and not the courts, to assess the merits of policy measures designed to combat the spread of disease, even during a global pandemic,” the order states. “The question for the Court is a narrow one: Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not.”
It is expected that the Biden administration will appeal the decision. State and local moratoriums will remain in place. However, we can look at this as a positive sign for real estate investors and landlords.
Tenants are presently safeguarded from eviction. The CDC had previously extended the eviction moratorium again until June 30th 2021. This provision was set to expire at the end of March. The federal government extended it just two days before it was set to expire.
Rent Relief has slowly been trickling out to landlords and tenants. Landlords and tenants can both apply for the funds. Typically, funds have been allocated to landlords first to handle property expenses and outstanding mortgages.
In New Jersey, the rent relief website had crashed when it first opened due to extraordinarily high traffic. Nationwide, it’s estimated that outstanding rent balances are close to exceeding $70 billion dollars.
Application Link to Apply– the funds remain open for both landlords and tenants to apply to.
Landlords may consider sending this link to their tenants who have fallen behind, as well as applying for relief themselves.
Feel free to contact with any questions. You can also send a DM and we will keep you updated on the latest news as things unfold.
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If you have further questions and would like to discuss in greater detail, please contact me here:
Investment Property Loan Requirements
Robert O’Keefe, ROK Realty
Broker of Record – Keller Williams Park Views
(201) 372-4084 (cell: text/call)
(201) 939-0050 (office)
