Reprieve May Impact Millions Braced for Eviction

Number of the Day: The most relevant or interesting figure in personal finance

4.05 Million

That’s how many struggling U.S. renters a newly extended federal moratorium may shield from eviction, if a recent Census survey is any indication.

The Centers For Disease Control and Prevention (CDC) extended its ban on evictions for nonpayment of rent for the third time Monday, saying it would now expire on June 30 rather than March 31.

The Census Bureau’s latest Household Pulse survey—taken between March 3 and March 15—shows eviction is still a very real threat for millions of Americans: 1.4 million adults considered eviction “very likely” in the next two months while another 2.65 million said it was “somewhat likely," the Census Bureau estimated. 

The CDC’s ban is meant to fight the spread of COVID-19 by preventing people from being kicked out of their homes and forced into crowded locations such as homeless shelters. While housing advocates like the National Low Income Housing Coalition acknowledged the extension will help keep millions of renters housed, they also criticized the CDC for not closing several loopholes they said make it less effective.