December Stimulus Comes Up Well Short of Solving the Eviction Crisis, Report Says
A research brief published recently by the Urban Institute provides insight into debt accruing among renters during the pandemic and what governments need to do to relieve the pressure. January 27, 2021, 9am PST | James Brasuell |
Recent analysis published by the Urban Institute says direct cash payment included in the $900 billion economic stimulus package approved by Congress in December 2020 will come up well short in relieving the economic stress facing renters during the pandemic.
Using data from the Bureau of the Census Household Pulse Survey, the Bureau of Labor Statistics Consumer Expenditure Survey, credit bureau Equifax, and other sources, report authors Jim Parrott and Mark M. Zandi expect that as of the January rent payment, and prior to the distribution of renter assistance funds from the Emergency Relief Act of 2020, there will be over 10 million delinquent renters in the United