Idaho Coronavirus Ban on Evictions
Have you heard of the ban on tenant evictions due to the coronavirus? This is a controversial order that the CDC enacted in September 2020. There is a lot of speculation on what this order will do the real estate market in Idaho as well as across the united states.
Coronavirus Ban on Evictions – What is it?
The Coronavirus ban on evictions was ordered initially to prevent the spread of the coronavirus. If tenants are evicted it would present more situations for them in which they could catch the virus. The ban protects the tenant but may put the landlord in a sticky spot. Thankfully there are some boundaries and regulations to the ban on evictions.
Here are the requirements:
- Tenant has used their best efforts to obtain government assistance for housing
- Tenant is unable to pay their full rent due to a substantial loss of income
- Tenant is making their best efforts to make timely partial payments of rent, and
- Tenant would become homeless or have to move into a shared living setting if they were to be evicted.
In addition there are a few financial requirements, tenant must:
- expect to earn no more than $99,000 (individuals) or $198,000 (filing joint tax return) in 2020
- not have been required to report any income to the IRS in 2020, or
- have received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act, Section 9601 of the American Rescue Plan Act of 2021, or to any other similar federally authorized payments made to individuals in 2021 and 2021.
In order to be qualified for the coronavirus ban on evictions the tenant must fill out an official declaration stating that they qualify. The ban was initially slated to end in 2020 but was extended on December 27th, 2020. The ban now will go through July 31st, 2021. For additional information see the CDC Eviction Moratorium.
Ban on Evictions in Idaho
If you are like most, you probably haven’t heard a lot about a ban on evictions in Idaho. although there is a federal order to protect tenants at this time, individual states can protect tenants even further by adding additional orders, or extending the ban. Idaho has not ordered anything in addition to the federal ban on evictions. There are other states such as California and Hawaii that have extended the ban to protect tenants. There are also a handful of states that have ordered additional items to the ban.
Idaho Real Estate Market
There is uncertainty on how this ban on evictions will affect the buying and selling of homes across the states as well as here in Idaho. Home values are continuing to climb and are are projected to do so for the rest of 2021. We do know that there are crowds of buyers looking for a home in the Southeast Idaho area. Idaho is a location that attracts people looking for good communities, conservative politics, and local amenities. We are excited to see the continuing growth of the Southeast Idaho as well as the rest of the state.
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