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Protesters demand no evictions during pandemic, blockade courthouse steps
Protesters blockade courthouse steps, demand an end to evictions
Protesters in Santa Clara County are demanding a halt to all evictions and better protection for renters statewide. They blocked the entrance to the courthouse in order to stop proceedings and to send a message to legislators.
SAN JOSE, Calif. - Protesters in Santa Clara County are demanding a halt to all evictions and better protection for renters statewide. They blocked the entrance to the courthouse in order to stop proceedings and to send a message to legislators.
In front of the Santa Clara County courthouse, protesters made a blockade: a human barrier to keep everyone out.
More Than $57B In Uncollected Rent Putting The Squeeze On Apartment Landlords
Evictions are difficult or impossible for now, banks are less willing to finance multifamily deals and rents even those that are being paid are dropping.
Nearly a fifth of all U.S. apartment renters (18%), or more than 10 million households, are behind on rent, according to the most recent Household Pulse survey from the U.S. Census Bureau. On average, the renter who is behind at all is behind by $5,600 on rent, or about four months worth, CNBC reports, citing data by Moody s Analytics and the Urban Institute.
Altogether, that means Americans owe a total of $57.3B to their landlords, large and small, as of January. In New York City alone, tenants owe an estimated $1B in back rent.
Under a legislative agreement, California would extend its eviction moratorium to the end of June. Landlords would get an incentive to forgive back rent using an extra $2.6 billion from federal relief.