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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...

Greetings from a very icy Lexington, Kentucky. We’ve had some new developments that I wanted to update you about: (ANOTHER) NEW FAIR HOUSING EXECUTIVE ORDER  President Biden also signed an Executive Order asking federal government agencies to review laws that prohibit discrimination based on sex and to enforce those laws against discrimination based on Sexual Orientation and Gender Identity.  In response, earlier today HUD issued a memo that they would be interpreting the Fair Housing Act as prohibiting housing discrimination based on Sexual Orientation and Gender Identity throughout the country. HUD and its state and local agencies will now be...

As we close out the first month of 2021, I hope your new year has gotten off to a good start. We’ve had some new developments in the rental industry, so here’s your update on where things stand: CDC Eviction Moratorium Likely to Be Extended  In my last update, I noted that it was almost certain that President Biden would seek to extend the moratorium beyond January 31. On his first day in office, he signed an Executive Order asking the CDC to extend their Eviction Moratorium through March 31, 2021, and they have agreed to do so.  He has...

Hey gang. Hope you’re doing well as we close out 2020 and start our new year. I wanted to give an update on where things stand right now.  New COVID-Relief Package  As most of you know, Congress passed and the President ultimately signed a new relief package. While the details of individual payments are still a bit fluid, here’s what we know about the rental issues in the package:  The Bad News - The CDC Eviction Moratorium has been extended through January 31, 2021. This means that any eviction cases that were continued from 2020 into January 2021 will likely...

Governor’s Executive Order As most of you know, for the first time in a long time, the Governor issued a new Executive Order yesterday with mandates. The Governor’s most recent mode of operation had been to issue recommendations, rather than mandates, but yesterday’s order was a mandate. You can read the entire order here. Fortunately, there’s not much in the order that will affect the rental industry. Most property management offices have been deemed to be essential services, so I do not believe that the 33% office requirement applies to you. However, I do think you’ll need to reduce capacity...