Outlook brightens for apartment landlords amid rising rents
Rents are rising, buoyed by strong demand as U.S. home prices push to new highs, leaving many would-be buyers no choice but to rent.
Rents are rising, buoyed by strong demand as U.S. home prices push to new highs, leaving many would-be buyers no choice but to rent.
If other cities had followed Indy’s lead, perhaps the nation would not be in this moratorium limbo, waiting to see if the extension can withstand a court challenge.
U.S. District Judge Dabney Friedrich has refused landlords’ request to put the Biden administration’s new eviction moratorium on hold, though she made clear she thinks it’s illegal.
U.S. Agriculture Secretary Tom Vilsack is expected to announce Monday morning that benefit amounts for the program, formerly known as food stamps, will rise an average of 25% above pre-pandemic levels.
Smaller landlords with fewer than four units, who often don’t have the financing of larger property owners, were hit especially hard by the pandemic, with as many as 58% having tenants behind on rent, according to the National Association of Realtors.
Most obviously, the eviction moratorium protects the housing security of millions of Americans who lost their incomes during the pandemic through no fault of their own. However, by distorting the incentives for tenants and landlords, the moratorium also creates some unintended and undesirable consequences.
Congress helped mitigate the housing crisis through temporary, emergency actions in the American Rescue Plan Act. But now it’s time for a long-term solution that brings real relief to Hoosiers.
Lawmakers approved $46.5 billion in rental assistance earlier this year, but only $5.1 billion had been been distributed by states and localities through July.
The court’s action late Thursday ends protections for roughly 3.5 million people in the United States who said they faced eviction in the next two months.
The housing crisis is not good for anyone—renters or landlords. Hopefully, our community will rally around systemic and sustainable policy solutions instead of searching for a few examples of abuse.
Cecil Bohanon and Nick Curott’s “economic analysis” in the Aug. 20 issue of IBJ sounds like the uninformed musings of a professor who never ventures out into the real world.
Millions of jobless Americans lost their unemployment benefits on Monday, leaving only a handful of economic support programs for those who are still being hit financially by the year-and-a-half-old coronavirus pandemic.
A nine-member task force created by the Indiana Supreme Court will help landlords and tenants resolve their disputes and access federal rental assistance resources.
By not adequately addressing the cause of disparities, we perpetuate a never-ending cycle of poverty and ensure that we always will be dedicating public and private resources toward it.
The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in evictions despite the expiration of the federal eviction moratorium, the Treasury Department said.
Marion County’s IndyRent program has begun accepting applications for up to 12 months of rental assistance, Mayor Joe Hogsett’s administration announced Wednesday. The long-awaited move adds nine months of help to the program, which previously maxed out at three months.
Without accountability and political competition, there is no way to keep continuing neglect or ideological fanaticism in check.
These failings are the result of a lack of imagination and fear of the upcoming Republican primaries.
Eviction filings in Indianapolis were 49% below average in August but just 7% below average in the first 11 days of December, according to Eviction Lab at Princeton University.
The justices are scheduled to hear arguments Friday about whether to allow the Biden administration to enforce a vaccine-or-testing requirement that applies to large employers and a separate vaccine mandate for most health care workers.