Rising Rents and Stalled Affordable Housing Fuel Eviction Surge

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Source: Business Insider
Rising Rents and Stalled Affordable Housing Fuel Eviction Surge
Photo: Business Insider
TL;DR Summary

Eviction filings by landlords have surged due to rising rents and a shortage of affordable housing, with rates more than 50% higher than pre-pandemic levels in some cities. Protections against eviction have ended, and emergency rental assistance money has dried up in most places, leaving low-income renters in an even worse situation than before the pandemic. Homelessness is rising as a result, with few places for displaced tenants to go. While some pandemic protections are being made permanent, millions of tenants from New York state to Las Vegas have been evicted or face imminent eviction.

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