America’s Next Housing Crisis: How The Pandemic Is Pushing Renters To The Brink
Sam Chandan, Silverstein Chair at the NYU Schack Institute of Real Estate and Chairman of Chandan Economics, writes in Forbes:
The historic increase in joblessness brought on by the pandemic has pushed us to the brink of a new rental crisis, forestalled in the short term by a combination of payroll protections, enhanced unemployment benefits, rent subsidies, and a national patchwork of eviction moratoria. The most far-reaching of these programs, a moratorium on evictions at properties with federally backed mortgages and the $600 per week unemployment benefits supplement, have now expired. Communities of color are particularly at risk without these reinforcements, impacted disproportionately by the pandemic and job losses and with more limited savings.
For the full column, visit the Forbes website.