NCRC Applauds CDC Decision To Extend Eviction Moratorium

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NCRC Applauds CDC Decision To Extend Eviction Moratorium
<a href="https://pixabay.com/users/liggraphy/">liggraphy</a> / Pixabay

The Centers for Disease Control and Prevention (CDC) announced yesterday that it is extending its national ban on evictions through June 30. The CDC originally set this ban last spring as part of its response to the coronavirus pandemic. It was set to expire in just a few days.

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Comment On CDC’s Decision To Extend Eviction Moratorium

Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), made the following statement:

“This was the right move and essential to keep people safe and in their homes. The pandemic isn’t over, the financial crisis it created for millions of families isn’t over, and evictions now would make the situation much worse.

“We’ve known almost from the beginning that staying home is your best personal defense against infection from the virus. And yet, implementing that required a near-complete shutdown of our economic system, putting millions of Americans out of work and unable to pay for their homes.

“While great strides were made during late winter to increase our vaccination program, and reduce the spread of COVID, we are not out of the woods yet. People’s ability to pay for necessities is still limited, and likely will be even after we stop social distancing.

“Keeping the moratorium in place will give renters behind on their rent a much-needed reprieve while they await the rental assistance funds included in the most recent stimulus. Going forward, ensuring that the moratorium is implemented consistently across the country and that rental assistance funds are made available for the duration of the crisis must be a top priority.”

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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