Facing Eviction, Resident Asks for Rent Refund; Trump’s Executive Orders for Stimulus Amount to Little and Congress Adjourns
Few found much relief or clarity from executive orders signed last weekend by President Trump.
Who benefits, when and how, if at all was the response by most in the apartment industry, as well as residents and those receiving unemployment benefits.
Communication breakdowns between owners and residents have complicated the situation, particularly those facing eviction or who are struggling to pay their rent on time.
One Arizona resident reportedly asked for a two-month rent refund “because they were not aware of the moratoria and wouldn’t have paid had they known,” one owner said.
Deadlines mean a lot to apartment residents required to paying the rent. But apparently, they don’t mean that much to Congress.
The House and Senate failed to agree on extending expiring economic stimulus, unemployment benefits and an eviction moratorium that ended before the first of this month. This week, Congress adjourned, perhaps not returning to Capitol Hill until after Labor Day.
“They are exhausted, they got so much done,” CNBC’s Joe Kernan, a government cynic, quipped this morning on Squawk Box upon hearing the recess news.
More Bewilderment than Benefit
Apartment residents and owners are left with more bewilderment than benefit after last weekend’s announcement from the White House, which attempted to comfort the millions of Americans facing economic challenges through executive orders.
In that address, Trump gave a spirited rebuke of Congress’ inability to compromise while seemingly suggesting that help was on the way. But a closer look at the orders Trump signed reveal little immediate support for the apartment……