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Real Estate Industry Applauds Biden Administration for Recovery Efforts; Calls for an End to Nationwide Eviction Moratorium on June 30

Nicole Ryan
703-797-0630
[email protected]

ARLINGTON, VA | June 11, 2021 – A broad real estate coalition today applauded the measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30, 2021.

In a joint letter to President Biden, the coalition said the broad financial assistance provided through relief bills, including Emergency Rental Assistance Program (ERAP) funds, expanded unemployment insurance and direct stimulus checks, has helped avoid a financial catastrophe and provided a path to recovery for individuals, households and businesses alike.

“As the pandemic comes under better control, we look forward to working with the Administration to end unsustainable nationwide federal restrictions on property operations, implement workable solutions for renters facing housing instability and help the country recover,” the coalition said.

The continuation of a nationwide one-size-fits-all, federal eviction policy is at odds with the current economic environment and will ultimately only serve to place insurmountable levels of debt on renter households and impede the recovery in the housing sector.

Moreover, the U.S. hit the lowest levels of new recorded COVID-19 cases and average daily deaths since March 2020 and vaccines are widely available with 63 percent of U.S. adults having received at least one vaccination.

The coalition is committed to working in partnership with policymakers at all levels to deliver housing assistance to renters while concluding the nationwide eviction moratorium at the end of June.

The group consists of 12 organizations who represent for profit and non-profit housing owners, operators, developers, lenders and property managers and cooperatives involved in rental housing, both affordable and conventional.

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About NAA
The National Apartment Association (NAA) serves as the leading voice and preeminent resource through advocacy, education, and collaboration on behalf of the rental housing industry. As a federation of 149 state and local affiliates, NAA encompasses over 93,000 members representing more than 10.5 million apartment homes globally. NAA believes that rental housing is a valuable partner in every community that emphasizes integrity, accountability, collaboration, community responsibility, inclusivity and innovation. To learn more, visit www.naahq.org.

The coalition members include:

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