With the national moratorium on eviction protection measures expiring at midnight, renters in the United States who are struggling to keep up with payments during the COVID-19 pandemic worry about what will happen next—especially those with much higher rent debt than elsewhere.
Concerns about the imminent expiration of the ban, which has been in place since 2020, are mainly for communities that have been disproportionately affected by the difficulty in paying rent during the pandemic. NBC Finance Channel According to the report, the people most at risk are low-income workers and people of color, many of whom lost their jobs during the health crisis.According to data compiled by the Bureau of Statistics National Stock Atlas, 14% of renting households are in arrears in payment, 63% of them are made up of people of color, and 78% of households are low-income families with an annual income of less than US$50,000.
Their data also shows that there are huge differences between the regions of the country, mainly because the southern states have the highest proportion of debt lessees. Aaron Dibner-Dunlap, a senior research scientist at Surgo Ventures, said in an interview with CNBC that it is not uncommon for southern states to have more affected tenants.
“Before the pandemic, eviction rates in southern states were also relatively high. Therefore, housing vulnerability has been a challenge for the region for many years,” he said.
According to CNBC’s further data, the states with the highest rental debt ratio for renters are Mississippi (29%), South Carolina (28%), Georgia (24%), New York and Connecticut (21% each), and Indiana States and West Virginia (20%).
Other states with higher percentages include Pennsylvania (19%); Iowa, Maryland, Nebraska and New Jersey (18%); Alabama, Illinois, Louisiana, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee and Wyoming (17%).
The states with the lowest tenant debt are Colorado, Delaware, Montana, and Wisconsin (9%); Kansas, Utah, and Vermont (8%); Hawaii (7%) and Idaho ( 6%).
Pause is President Biden Indeed seek extension, But after the Supreme Court ruled that it cannot be extended to July without Congress’s action, the assistant was Set to use up.
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