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The Worst for U.S. Renters and Apartment Owners Is Yet to Come

  • Evictions to surge if $600-a-week unemployment benefit lapses
  • If Congress doesn’t act, ‘we are in for dark fall and winter’
Apartment buildings stand in this aerial photograph taken above the Brooklyn borough of New York.
Photographer: Craig Warga/Bloomberg

Apartment landlords across the U.S. spent the last days of March holding their collective breath while waiting for rent checks to come in.

For the most part, they did, thanks to the $2 trillion in emergency relief authorized by Congress to blunt the economic blow of the pandemic. Now, expanded unemployment benefits are expiring and eviction bans are set to lift, leaving tenants and building owners wondering again what will happen when the bills are due.