The U.S. Supreme Court ended the Centers for Disease Control and Prevention (CDC’s) eviction moratorium last night (Thursday, August 26), giving much-needed relief to America’s small housing providers facing financial hardship for more than a year.
In a 6-3 ruling, a majority of justices agreed that the stay on the lower court’s order finding the CDC’s eviction moratorium to be unlawful was no longer justified.
In their order, the justices wrote, “The moratorium has put the applicants, along with millions of landlords across the country, at risk of irreparable harm by depriving them of rent payments with no guarantee of eventual recovery. Despite the CDC’s determination that landlords should bear a significant financial cost of the pandemic, many landlords have modest means.”
https://papersourceonline.com/supreme-court-ends-eviction-moratorium/
The Paper Source, Inc.
JOIN THE DISCUSSION AT REAL ESTATE NOTE INVESTING