The Paper Source Virtual Note Symposium October 2020

Real Estate Coalition Asks Congress for Landlord Relief

Published by Florida Realtors on September 4, 2020

NAR is part of a 12-association real estate coalition that wrote a letter to the top Democrat and Republican leaders in the House and Senate. The letter requests renter and landlord aid in the face of President Trump’s moratorium banning most evictions and foreclosures until Jan. 1, 2021.

A coalition of 12 real estate associations and councils wrote a letter to the two-party leaders in both the U.S. House and U.S. Senate, ask them to consider renter and landlord help in a new pandemic relief bill. The letter was sent to:

  • Senate Majority Leader Mitch McConnell
  • House Majority Speaker Nancy Pelosi
  • Senate Minority Leader Chuck Schumer
  • House Minority Leader Kevin McCarthy

In the letter, the coalition told Congress that the latest eviction ban will “ultimately harm the very people it aims to help. It will be impossible for housing providers, particularly small owners, to meet their financial obligations and continue to provide shelter to their residents.” It adds that it will also saddle renters “with an unmanageable amount of debt due to months of unpaid rent.”

The letter notes that a number of assistance proposals have been suggested, though it doesn’t back any specific solution. It does, however, ask Congress to “ensure whichever delivery mechanism(s) is chosen swiftly distributes funding at the property-level, while also protecting struggling renters.”

The letter is signed by:

  • CCIM Institute
  • Council for Affordable and Rural Housing
  • Institute of Real Estate Management
  • Manufactured Housing Institute
  • Mortgage Bankers Association
  • National Affordable Housing Management Association National Apartment Association
  • National Association of Home Builders
  • National Association of Housing Cooperatives National Association of REALTORS
  • National Leased Housing Association
  • National Multifamily Housing Council

A copy of the letter is posted on NAR’s website.

Original article: https://www.floridarealtors.org/news-media/news-articles/2020/09/real-estate-coalition-asks-congress-landlord-relief

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