The UCLA Ziman Center for Real Estate presents the following "Critical Issues" webinar featuring a research study on the effects of rental eviction moratoria on household well-being authored by Xudong An (Federal Reserve Bank of Philadelphia), Stuart Gabriel (UCLA Anderson School of Management and UCLA Ziman Center for Real Estate), and Nitzan Tzur-Ilan (Northwestern University and Bank of Israel).
This new research investigates the impact of 2020 COVID-19 rental eviction moratoria on household wellbeing. Analysis of new data on eviction moratoria indicates those policies reduced evictions and resulted in redirection of scarce household financial resources to immediate consumption needs, notably including food and grocery spending. The authors also find that eviction moratoria reduced household food insecurity and mental stress, with larger effects evidenced among African American households. Findings suggest broad salutary effects of eviction moratoria during a period of widespread virus and economic distress.
While research findings demonstrate broad and not well-appreciated renter and local economic benefits of temporary eviction moratoria, substantial ongoing efforts likely will be necessary to address accrued shortfalls in rent and to keep families stably housed. In the absence of new measures to address widespread and accrued shortfalls in rent, large numbers of households could face housing instability, economic hardship, and adverse health outcomes. Among relief measures, numerous states have passed legislation to direct 2021 federal stimulus funds to defray some portion of qualified renter deferred rents. The federal government also has enacted programs to provide mortgage forbearance to some renter property owners. Finally, the combination of expansive fiscal and monetary stimulus will help to accelerate the economic recovery and to put renter households back to work.
We hope you can join us.