Despite Protections Mass Evictions Are Predicted

first_img Despite eviction and foreclosure moratoria, recently extended at federal levels—first from FHFA, FHA, and, later, the CDC—the country is in for a flood of eventual evictions, according to research collected by Bloomberg. The report also explored how, with a current shortage in housing, the eviction bans are costing landlords with tenants.    The loss of homes has been stalled, experts have said in response to the latest presidential action, but not stopped.  The Census Bureau recently reported that about a third of renters said in July that they had “no confidence” or “slight confidence” in their ability to pay for housing in August. With Republicans and Democrats in a stalemate over a next round of economic stimulus measures, experts warned that the country is poised for “an eviction crisis of historic proportions,” Bloomberg reported. About 30 million Americans are “at risk” of being evicted in coming months because they can’t pay rent, according to a review of the Census survey data by the Aspen Institute Financial Security Program, the Covid-19 Eviction Defense Project, the National Low Income Housing Coalition and a coalition of researchers—estimates released before the moratoria extensions. Bloomberg noted that looming eviction and the uncertainty that accompanies this latest action remains a problem.  “Eviction is a legal process, and the burden on landlords differs by state. But the mere threat of eviction often is enough for landlords to get someone to move out. Many landlords have been working with tenants in the hopes that more emergency rental assistance is on its way. Absent that help, the U.S. could be heading for a massive wave of housing displacement and insecurity. More people will double up with family or end up homeless.” To access the most-recent protections announced by the White House, renters must assert they are incapable of paying their rent or are likely to become homeless if kicked out of their property, and they will be required to pay as much rent as they can afford, Bloomberg noted. Also, the initiative may still face legal challenges from landlords. Many tenants now owe so much in back rent that they won’t be able to catch up, pushing landlords to evict them as soon as restrictions lift. A potential solution, Bloomberg reported, is for Congress to pass a plan that would provide $100 billion in rental assistance and ban evictions, “but that’s stuck in stalled negotiation with Republicans on a new stimulus package.” Renters will not suffer alone. As Bloomberg reported, landlords need to collect rent to cover mortgage payments and property taxes. Many also pay for utilities. Keeping non-paying tenants around can incur operating costs without generating any revenue. With a shortage of housing inventory, landlords also understand they could be renting space to paying renters as opposed to those who can no longer pay.   Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save in Daily Dose, Featured, News September 3, 2020 1,322 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago 2020-09-03 Christina Hughes Babb Related Articles Sign up for DS News Daily Despite Protections Mass Evictions Are Predicted Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Despite Protections Mass Evictions Are Predicted Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago Previous: How Borrowers are Handling Pandemic-Prompted Budget Barriers Next: Nationwide Housing Shortage Intensifies  Print This Post The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Finnish Navy Receives MHC Katanpaa

first_img Training & Education View post tag: Navy View post tag: receives View post tag: News by topic May 8, 2012 View post tag: MHC Katanpaa View post tag: Finnishcenter_img Share this article Back to overview,Home naval-today Finnish Navy Receives MHC Katanpaa View post tag: Naval The first one of the three mine countermeasure vessels ordered by the Finnish Navy, MHC (Mine Hunter Coastal) Katanpää was handed over to the Finnish Navy.The vessel was accepted by the Commander of the Finnish Navy, Rear Admiral Veli-Jukka Pennala at the Intermarine shipyard in La Spezia, Italy.The vessel will be shipped to its home base in Turku, where it is expected to arrive at the end of May.The vessel will be presented to the public for the first time on July 9th, during the anniversary of the Navy celebrations.New class of vesselThe Katanpää class vessels will provide the Finnish Navy with a new kind of mine countermeasure capacity, which will, in addition to the present contact mine and influence mine clearing capacity, enable the Navy to conduct mine hunting and mine demolition tasks.The Katanpää class vessels are mainly aimed for domestic use. The vessels’ systems can also be used in executive assistance, for e.g. in mapping the seabed, under-water searches and identification and in defusing under-water explosives.The vessels are EU and NATO interoperable, and, therefore, improve Finland’s chances of participating in international crisis management operations.[mappress]Naval Today Staff, May 08, 2012; Image: puolustusvoimat Finnish Navy Receives MHC Katanpaalast_img read more