Articles

As I mentioned in my last update, millions of dollars in rental assistance are still available. In Lexington, the Housing Stabilization Program has now opened the application process for tenants to receive a second round of funding. That means tenants who received HSP funding already are again eligible to receive additional assistance. The caveat is that the tenant may only receive a total of 15 months of funding.  So, if your tenant received 10 months of funding already, that tenant is now eligible to receive up to five months of additional funding. The same eligibility requirements are in place, and...

THE US SUPREME COURT STRIKES DOWN THE CDC EVICTION MORATORIUM  In late July, I told you that the CDC eviction moratorium was set to expire on July 31 unless Congress renewed it. And it did expire. For three days. On August 3, the CDC issued a new moratorium that they claimed was “targeted” and “limited”, even though it still applied to 90% of tenants. But yesterday, almost one year after the CDC instituted its eviction moratorium, the United States Supreme Court, the highest court in the land, effectively struck it down. To read the Supreme Court’s opinion, click here.  THE...

The President announced today that the CDC will allow its eviction moratorium to expire, due largely to the court rulings that they have no statutory authority for the moratorium. Still, the President called on Congress to take action to extend the moratorium further. There's a lot that we don't know about how things will play out. Check out the video to find out where things stand right now on evictions, rental assistance, and notices to give for non-payment of rent. One thing I forgot to include in the video is that the National Apartment Association is filing a lawsuit against...

THE CARES ACT - RESURRECTED?  In my March 1 update, I told you about a new rule issued by the Kentucky Supreme Court that allowed evictions throughout the state to move forward as of April 1 without regard to the CARES Act. Verification Forms are no longer required and the Court made no mention of issuing 30-day notices at CARES Act properties.   Based on that development, my advice was that CARES Act properties no longer have to issue 30-day notices in Kentucky. However, HUD has apparently gotten wind that numerous states are doing away with the 30-day notice requirement, so...

NOTE: HUD has issued new guidance since this article was written. Click here to see the new information.  It’s been a while since I’ve had good news on the housing front, but I’m here to bring some positivity today.  BURYING THE CARES ACT  Congress passed the CARES Act last spring in as its first wave of relief in addressing COVID-19. It covered any property that participated in a federal government program or that had a loan insured by the federal government. For those properties, it created an eviction moratorium, a ban on late fees, and a requirement that landlords give...