(Updated April 4, 2021) The Centers for Disease Control and Prevention (CDC) announced an extension of its national eviction moratorium Monday, March 30. Read a breakdown of the federal moratorium from the National Association of REALTORS® (NAR).
Illinois REALTORS® reminds members that Illinois is under a state eviction moratorium through May 1 and that is the one to follow.
NAR has fought for federal rental assistance and continues to advocate so the moratorium doesn’t worsen the crisis for housing providers and their tenants.
“NAR helped secure $25 billion in 2020 and another $21.55 billion earlier this month in federal rental assistance funding, which can be paid directly to property owners,” says Shannon McGahn, chief advocacy officer of NAR. “This was critical to averting a multifamily real estate crisis, as many of our nation’s housing providers are mom-and-pop operations. Our focus now turns to ensuring there is not just enough funding but also a smooth implementation of rental assistance while the various challenges to eviction bans work their way through the courts.”
You can read the CDC order, view NAR’s FAQs for housing providers and NAR’s COVID-19 resources.
Illinois REALTORS® continues to monitor the situation so that it can relay important developments to members.