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The federal deportation moratorium ends on Friday, with potential consequences for 12 million

A moratorium on evictions from homes with state-backed mortgages expires Friday, putting millions of households at risk of eviction as the economy continues to struggle with the closure of the corona virus.

The eviction ban, part of the CARES law passed in March, applies to renters renting in homes owned by a homeowner with a state-backed mortgage from Fannie Mae or Freddie Mac.

The Urban Institute estimates that about 12.3 million households are protected by the moratorium, or about 30 percent of all renters across the country.

Once the moratorium has passed, landlords can notify their overdue tenants 30 days in advance and begin filing eviction papers at the end of August.

Tenants hold up signs as they protest to seek more eviction protection in California on July 17. A federal deportation moratorium will expire on Friday.

Tenants hold up signs as they protest to seek more eviction protection in California on July 17. A federal deportation moratorium will expire on Friday.

Many cities have their own local expulsion moratoriums for all residential and commercial tenants, including New York City (through August) and Los Angeles (through September 20).

One in four renters in New York City have not paid rent at all since March, when the coronavirus pandemic began, according to a report from the Community Housing Improvement Program.

In many other cities and states, the local eviction bans introduced at the beginning of the pandemic have already expired, making the federal moratorium the last defense for tenants in government-backed homes who have been unable to make full payments during the crisis to do.

Thirty-two percent of Americans did not make a full timely housing payment in July, a slight increase from 30 percent in June, according to industry analysts at Apartment list.

In early April, the percentage of Americans unable to make a full timely housing payment rose to 24 percent, then rose to 31 percent in May and 30 percent in June.

Thirty-two percent of Americans did not make a full timely housing payment in July

Thirty-two percent of Americans did not make a full timely housing payment in July

Thirty-two percent of Americans did not make a full timely housing payment in July

Younger and poorer tenants were most likely to receive a full housing allowance in July

Younger and poorer tenants were most likely to receive a full housing allowance in July

Younger and poorer tenants were most likely to receive a full housing allowance in July

House Democrats have proposed $ 100 billion in rental assistance in their $ 3 billion HEROES Act bill, which faces major challenges in passing the Senate. That proposal would help tenants at the lowest income levels for up to two years.

Alternatively, Senator Kamala Harris, a California Democrat, has backed a bill that would ban evictions and executions for a year while giving tenants up to 18 months to repay missed payments.

The debate is because the unemployment rate remains in double digits, higher than in the Great Recession of the past decade.

Last week, the Federal Reserve Bank of Cleveland published Research showing that the number of evictions has almost returned to pre-pandemic levels in parts of the country where local moratoriums have passed.

The regional Fed bank looked at the eviction records of 44 U.S. cities and counties and found that they plummeted in the early days of the economic crisis due to the pandemic, as many jurisdictions issued bans on eviction files, hearings, or both.

However, the researchers found that evictions have already risen in places where local moratoriums have expired.

The year-on-year change in eviction filing activities is seen in four markets studied by the Federal Reserve Bank of Cleveland, and sharply increased as the eviction ban expired

The year-on-year change in eviction filing activities is seen in four markets studied by the Federal Reserve Bank of Cleveland, and sharply increased as the eviction ban expired

The year-on-year change in eviction filing activities is seen in four markets studied by the Federal Reserve Bank of Cleveland, and sharply increased as the eviction ban expired

This chart shows the share of rental units in the Fed study under different pandemic eviction policies over time, from March 1 to July 7

This chart shows the share of rental units in the Fed study under different pandemic eviction policies over time, from March 1 to July 7

This chart shows the share of rental units in the Fed study under different pandemic eviction policies over time, from March 1 to July 7

“As of July 7, about a third of the rental units in our study are no longer covered by the temporary policy, and eviction requests have now returned to their pre-pandemic levels in those places that are no longer covered,” the researchers wrote.

Eviction applications remain lower in areas that have continued their ban.

In addition, things could get worse in the coming weeks as a number of Congressional emergency programs to help tens of millions of unemployed Americans expire in late July.

In addition to the expiration of the federal expulsion moratorium, federal additional unemployment benefits will expire at the end of July.

Fed researchers Rebecca Cowin and Hal Martin call it “a situation that increases the risk of eviction for households affected by the crisis.”

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