Editorial: California faces an eviction catastrophe. Newsom, lawmakers need to act now (via latimesopinion)
. Once the eviction moratorium ends, tenants may have just days to pay back the rent they missed. If they can’t, they could be evicted.
The idea is to ensure that renters who lost income during the pandemic and got behind on their rent don’t end up on the street. Low-income households were already struggling to pay the rent in California’s pricey cities, and those workers have been hardest hit by the pandemic job losses. Some experts warn that the state could see a 20% increase in homelessness. Extreme times call for extreme tenant protections.
Newsom and lawmakers have to pair a long-term eviction moratorium with landlord assistance. One proposal is, which would give landlords tax credits if they agree to forgive missed rent payments from tenants who had COVID-related financial hardship. Landlords could sell the tax credits for cash immediately. Tenants would have to repay their rent debt to the state starting in 2024.The challenge? SB 1410 could cost $10 billion over the life of the program.
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