The U.S. is teetering on the brink of the most severe housing crisis in decades.
That’s according to a report released Friday by the Aspen Institute, which estimates that between 30 million to 40 million Americans are at risk of eviction over the next several months – a result of the coronavirus pandemic and subsequent economic recession.
“Renters experiencing financial hardship due to COVID-19 have exhausted their resources and limited funds just as eviction moratoriums and emergency relief across the United States expire,” the report, which is aggregated from existing research, said. “Without intervention, the housing crisis will result in significant harm to renters and property owners.”
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