Landlords Seek $1.5B Settlement for Eviction Moratorium Losses

Summary

Landlords, hit hard by the federal eviction moratorium during the pandemic, are now in settlement talks with the Justice Department, seeking up to $1.5 billion in compensation. The ban, which lasted from September 2020 to July 2021, cost owners billions and led to massive debts, layoffs, and property sales. Landlords argue it was a business killer that le…

Show notes

Landlords, hit hard by the federal eviction moratorium during the pandemic, are now in settlement talks with the Justice Department, seeking up to $1.5 billion in compensation. The ban, which lasted from September 2020 to July 2021, cost owners billions and led to massive debts, layoffs, and property sales. Landlords argue it was a business killer that left them vulnerable to fraud and nonpayers, while tenants and advocates credit the bans with keeping millions housed and curbing virus spread. A

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