TBA Law Blog


Posted by: Kate Prince on Aug 31, 2021

A new report from Goldman Sachs estimates 750,000 U.S. households will face eviction in the coming months if Congress does not act to address the issue. The report says between 2.5 million and 3.5 million households are delinquent on rent and owe a combined $12 billion to $17 billion to landlords. "The end of the eviction moratorium is likely to result in a sharp and rapid increase in eviction rates in coming months unless Emergency Rental Assistance (ERA) funding is distributed at a much faster pace or Congress addresses the issue," the report said. About $25 billion in federal aid has been dispersed to state and local governments, but only $4.5 billion has been distributed, according to the report. Nashville’s WSMV has the full story from CNN.