Eviction Moratorium Updates (Posted 8/4/2021)

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CDC EVICTION MORATORIUM UPDATES (Posted 8/4/2021)

• The Centers for Disease Control and Prevention (CDC) has issued a new federal eviction moratorium which replaces the previous order which expired on July 31.  This new order will expire on October 3, 2021, and applies to counties in the U.S. experiencing “substantial and high levels of community transmission levels of COVID-19.”  This covers more than 90% of all renters in the U.S.  At a White House press conference yesterday afternoon, President Biden announced the CDC order was imminent and acknowledged the action will likely be challenged in court.  Click here to read the order. 

• Upon the CDC announcement, House Financial Services Chairwoman Maxine Waters issued a press release saying, “This temporary reprieve will not go to waste!  The CDC’s targeted eviction moratorium will buy time for state and local governments to get their act together and ensure that renters and landlords receive the money that Congress allocated for them while keeping our most vulnerable off the streets.”  Last week, Chairwoman Waters' attempt to pass legislation to extend the federal eviction moratorium through the end of the year was unsuccessful.  Click here to read Chairwoman Water’s press release. 

• Residents who still need assistance in paying their rent may be eligible to receive funds from the Emergency Rental Assistance (ERA) program.  See below for access to assistance funds in Tennessee. 

FHFA Announces Multifamily Tenant Protections

• The Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.  This requirement applies to all Enterprise-backed multi-family properties, regardless of whether the loan is in forbearance.  Click here to read FHFA announcement.  

Fannie Mae, Freddie Mac, FHA Extend Single-Family Eviction Moratorium 

• The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021.  The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions.  Separately, the Federal Housing Administration (FHA) announced that it is extending its foreclosure-related eviction moratorium for foreclosed borrowers through Sept. 30, 2021.   Click here to read FHA announcement.