Another eviction moratorium puts 'backbone' of rental housing at risk, industry leader says

Bob Pinnegar, the president and CEO of the National Apartment Association (NAA), argued on "Cavuto: Coast to Coast" on Thursday that "the backbone of the nation’s rental housing stock" is at risk with the latest eviction moratorium.

Pinnegar was referring to independent rental owners who own a building with one to four units, which he noted is more than half of the America’s housing stock at 53%.

Last week, NAA filed a lawsuit in the U.S. Court of Federal Claims to recover damages on behalf of rental housing providers that have "suffered severe economic losses under the U.S. Centers for Disease Control and Prevention’s overreaching federal eviction moratorium," according to a news release.

The association, which claims to be the first to take legal action seeking compensation for the policy, argues that the federal eviction moratorium "jeopardizes the long-term viability of housing infrastructure and sets a dangerous precedent for future disaster-response measures."

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

https://www.foxbusiness.com/real-estate/another-eviction-moratorium-puts-backbone-of-rental-housing-at-risk-industry-leader-says

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