Housing Providers Face Disaster Without Help Soon From Congress
Forbes Roger Valdez Contributor Policy
We’ve been calling attention to the problem from the beginning of the Covid-19 economic crisis: the virus and government response has created an income problem, not an eviction problem. Eviction bans have made the situation worse. And our own survey of housing providers found that without action soon, housing providers will see loss of asset value that could end in foreclosure, layoffs, and loss of investment in new housing, all of which will reduce housing supply and lead to housing price increases. Now the University of California Berkeley’s Terner Center for Housing Innovation has raised the alarm about smaller housing providers facing dire consequences unless Congress acts with a survey it has just completed...click here to read more.