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Evictions Skyrocket, Renting Becoming Unaffordable
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Evictions Skyrocket, Renting Becoming Unaffordable
Evictions spiking as assistance, protections disappear Eviction filings nationwide have steadily risen in recent months and are approaching or exceeding pre-pandemic levels in many cities and states. According to The Eviction Lab, several cities are running far above historic averages, with Minneapolis-St. Paul 91% higher in June, Las Vegas up 56%, Hartford, Connecticut, up 32% The other challenge is the federal emergency rental assistance that helped keep millions housed during the pandemic has dried up in some jurisdictions or been increasingly rejected by some landlords. The U.S. Treasury said last week that more than $40 billion of the $46.5 billion in Emergency Rental Assistance had been spent or allocated.
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