Biden Administration Extends Eviction and Foreclosure Moratoria

On June 24, the Biden administration announced a final, month-long extension to the eviction and foreclosure moratorium through July 31, 2021. The Center for Disease Control and Prevention (CDC) originally issued a federal eviction moratorium for qualifying renters in September of 2020, extending this moratorium several times. The most recent, final extension to the eviction moratorium through July 31 will give state and local governments additional time to distribute the $46 billion in emergency rental assistance to renters and landlords. The Treasury, which is responsible for the disbursement of these funds, released an updated fact sheet and frequently asked questions to support these efforts. Relatedly, on June 29, the Supreme Court denied a request to vacate a stay, pending an appeal of a May 5, lower court ruling, which would have ended the CDC’s nationwide eviction moratorium for qualifying renters. The Supreme Court decision leaves the CDC’s eviction order in place while litigation in the dispute continues.

HUD, the Department of Veterans Affairs, and the Department of Agriculture – the three federal agencies that back mortgages – also extended their respective foreclosure moratoria through the end of July. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac (the Enterprises), extended its moratorium for single-family backed mortgages and real estate owned evictions. Enterprise applauds the administration for the extension for the moratoria, in alignment with our policy priorities for 2021, which includes providing widespread emergency rental assistance and maintaining the nationwide eviction moratorium until federal assistance reaches all renters affected the pandemic’s economic fallout.

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