As the COVID-19 crisis continues, lawmakers are proposing national rent relief. Here's what housing experts think that should look like:
States and cities have stepped up and implemented their own eviction moratoriums by pausing evictions until after the national COVID-19 crisis ends. Although these moratoriums are a step in the right direction, housing experts have said since the beginning of the pandemic that these simply aren’t enough. Eventually the moratoriums will lift, courts will open back up and a flood of eviction proceedings will likely occur.
This is far above the financial rule of thumb that recommends spending no more than 30% of income on housing. According to the JCHS report, in 2018, nearly half of renters spent more than that percentage, leaving them especially vulnerable to any potential decrease in household income. “It’s not as simple as just canceling rent—we are all connected,” says Mary Cunningham, vice president for Metropolitan Housing and Communities Policy at the Urban Institute. “Landlords pay state and local government taxes, which fund schools, libraries and parks. To prevent ripple effects, we should just help renters pay their rent.”
Murphy suggests that policymakers introduce new housing relief initiatives that will complement programs already passed in the CARES Act, such as sending more cash directly to Americans specifically to help pay their rent. As of now, most Americans say they’ll be. Additional stimulus payments in the future could continue that trend and help keep a roof over Americans’ heads.
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