News Number of the Day Final Countdown Begins on Eviction, Foreclosure Bans Number of the Day: The most relevant or interesting figure in personal finance By Diccon Hyatt Diccon Hyatt Diccon Hyatt has written hundreds of articles about how public policy and the economy intersect with personal finance, tracking all the latest dynamics affecting your money. Before joining The Balance, he covered business and community news for 17 years, including Princeton, New Jersey's high-tech Route 1 Corridor. learn about our editorial policies Published on June 24, 2021 Fact checked by Helen Reis Fact checked by Helen Reis Helen is the senior news editor for The Balance and a veteran journalist with more than 17 years of experience, mostly in business and finance news. She is passionate about making complicated topics easy for everyone to understand and compulsive about accuracy and transparency. learn about our editorial policies Share Tweet Pin Email That’s how many days are left on federal eviction and foreclosure bans that were extended Thursday for the final time, through July 31. The Centers for Disease Control and Prevention extended its eviction moratorium, which had been set to expire on June 30, for a fourth time as the White House said the final month will give the government breathing room to turn to other programs aimed at preventing what could be a potential flood of evictions stemming from the pandemic. The federal Emergency Rental Assistance (ERA) program has made more than $46 billion of aid available to renters, and the White House is now encouraging state and local courts to promote diversion programs as alternatives to eviction. The ERA gives state and local rental aid agencies funding to pay the back rent of people who have fallen behind on payments, but senior White House officials said Thursday the program has encountered obstacles distributing the funds. “We have been building a national infrastructure for delivering Emergency Rental Assistance where it did not previously exist,” a senior White House official said Thursday on a conference call with reporters. “We are doing everything we can to get this support out to renters that need it.” Estimates on the number of renters who could lose their home vary, but a Census survey from late May and early June reported that 3.23 million adults were “somewhat” or “very” likely to be evicted in the next two months out of 7.11 million who are behind on rent. And without factoring in Thursday’s extension, online real estate company Zillow estimated 2.7 million people were at risk of eviction. An additional month of breathing room will mean more are able to catch up, likely making that number lower, a Zillow spokesperson said in an email. The CDC moratorium prohibits landlords from physically evicting tenants who file paperwork stating they have suffered financial hardship from the pandemic, but allows eviction filings and legal proceedings to move forward. The moratorium on foreclosures, which applies to federally-backed mortgages for single-family homes, had been set to expire on June 30 and was extended to ensure more steps are taken to help borrowers catch up. Have a question, comment, or story to share? You can reach Diccon at email@example.com Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Centers for Disease Control. "CDC Director Extends the Eviction Moratorium For 30 Days." The White House. "FACT SHEET: Biden-Harris Administration Announces Initiatives to Promote Housing Stability By Supporting Vulnerable Tenants and Preventing Foreclosures." U.S. Department of the Treasury. "Emergency Rental Assistance Program." United States Census Bureau. "Household Pulse Survey Data Tables." Zillow. "Millions of Tenants Remain Behind on Rent, but Their Confidence is Rising." Centers for Disease Control. "Temporary Halt in Residential to Prevent the Further Spread of COVID-19."