Housing has increasingly becomeone of the most unequalparts of the economic recovery.
At the top there is a nationwide housing boom, fueled by a run-up in home prices as higher-income households rush to take advantage of record-low mortgages. But at the same time, millions of renters, especially people who have skipped rent payments or whose jobs haven’t come back, are at risk of losing their homes before the end of the summer.
The looming eviction crisis has added urgency — in Washington and across the country — to ensuring emergency rental aid reaches the most vulnerable Americans before it is too late.
The Biden administration, housing advocates, renters and landlords alike are focused on July 31, when the final eviction moratorium from the Centers for Disease Control and Prevention will expire. Racing against the deadline, the White Houseis pushing state and local governments and courts to do all they can to prevent evictions. On Wednesday, the White House convened a meeting of representatives from 50 cities to discuss their plans for staving off an eviction crisis