Tenants owe between $12 billion and $17 billion to landlords as Covid-19 cases surge and about 2.5 million to 3.5 million households are behind on rent, according to Goldman Sachs economists.

The findings mark one of the first comprehensive estimates of what could happen in the absence of the eviction ban.

The ban was stopped as state and local governments continued to experience bottlenecks in the delivery of $46.5 billion in federal rental assistance.

Given the slow pace of rental aid disbursement, Goldman’s analysts expect that between 1 million and 2 million households will remain without support and at risk of eviction when the remaining state and local eviction bans expire at the end of September.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Pause Social Spending Plan – Joe Manchin

The West Virginia Democrat said that he wouldn’t support the $3.5 trillion package “…