The Biden Administration has doubled down on its promise to continue eviction mitigation efforts following the success of the Emergency Rental Assistance Program (ERAP). To that end, the White House held a virtual summit on August 2 to discuss future actions in this space and highlight states and localities that they feel are “getting it right.”
Industry Implications: It’s unclear what specific efforts the White House will undertake. But they did encourage all states and localities to utilize their remaining ERAP funds and State and Local Fiscal Recovery Funds (SLFRF) to assist renters and housing providers in need.
Updated resources on ERAP allocations are available on NMHC.org here.
NMHC’s Take: NMHC has been highly engaged with Administration officials and was invited to attend this event. As they look to housing affordability solutions, we will continue to share our research and provide recommendations to ensure any policies implemented take into account the needs of both renters and housing providers.
- Sharon Wilson Géno Written Testimony on Behalf of the NMHC and NAA to the Senate Committee on Finance Hearing Entitled Tax Policy’s Role in Increasing Affordable Housing Supply for Working Families
- Middle-Income Housing Tax Credit (MIHTC) Fact Sheet
- NMHC-NAA Senate Banking State of Housing Market Hearing Letter
- Real Estate Coalition Statement in Response to White House Announcement on Protecting Renters and Promoting Rental Affordability
- Real Estate Coalition Letter on Yes In My Backyard (YIMBY) Legislation