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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe recently enacted CDC eviction moratorium gives renters a false sense of protection. The order took sweeping action without considering the financial impact it would have on the residents it seeks to protect. Unlike the rental assistance programs launched by both our state and Marion County, the CDC’s order does not provide any money to help renters whose outstanding balances become due on Dec. 31, 2020.
Rental property owners are facing similar pressure with their own financial obligations, including mortgages, payroll, insurance, maintenance on the property and property taxes. When residents do not pay rent, the property is not able to meet its own financial obligations, which have a domino effect. If property owners are unable to pay taxes and other bills, it has a significant impact to the local economy and viability of the rental housing market.
With the onset of COVID-19, Indiana initiated an eviction moratorium that lasted until mid-August. During this time, our members worked to find solutions and assist residents. Eviction is always a last resort whether there is a pandemic or not. Not only does it displace families, but the costs can quickly add up, making it more of a burden than a solution. Properties have been flexible with payment plans, assisting residents in applying for rental assistance and even deferring rent. However, it is a balancing act between helping a resident and paying our own bills.
The CDC eviction moratorium will do nothing to solve renters’ ongoing housing insecurities due to COVID-19. Congress must act now to provide relief to property owners and renters.
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Lynne Petersen
(Petersen is president of the Indiana Apartment Association.)
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