In anticipation of the eviction moratorium ending on June 30, The National Multifamily Housing Council (NMHC) has issued a new set of principles that calls for apartment firms to help renters recover from the pandemic.
In a statement, the trade and advocacy group said that the principles were intended to halt evictions, create payment plans, and work with residents in need. NMHC argued that an eviction ban was no longer necessary and that “a continuation of the moratorium will only further exacerbate renters’ financial hardship as they continue to accrue insurmountable levels of debt.”
The federal moratorium on evictions was put into place over a year ago and was intended as an emergency, short-term approach during the onset of the health crisis. The pandemic relief included more than $46 billion specifically for rental assistance, which has prevented rent payments from plummeting during the height of the pandemic, according to NMHC.