COVID-19 related eviction moratoriums have deep repercussions for small business hotel owners and landlords across the nation.
The pandemic not only decimated the hospitality and tourism industries but has upended the lives of average Americans too. From widespread layoffs, to a new normal in socially distanced routines and the psychological toll tied to the crisis, life has been anything but easy for most. Thankfully the government has stepped in to offer aid to those who need it the most. Paycheck Protection Program (PPP) loans and federal stimulus stipends have helped millions of citizens in alleviating some financial burden.
One particular policy decision which had generally positive intentions for American households was a moratorium on evictions. The initial CARES Act, passed in March 2020, included provisions to protect some 107 million people, about one-third of the United States population, living in rental households (National Multifamily Housing Council). Shortly after President Joe Biden’s inauguration, he signed an executive order further extending these moratoriums until at least March 31, 2021. The calculation was simple; halting evictions prevents homelessness for anyone who has lost income due to the pandemic and has fallen behind on rent. Furthermore, this policy serves as a mechanism to help contain