A recent article by the AP says a Texas landlord is among more than 1,500 property owners suing the federal government over the CDC’s pandemic-era eviction moratorium, claiming it violated the Fifth Amendment by denying compensation for lost rental income. The landlord (Matthew Haines) says the nearly yearlong ban on evictions cost him and his investors more than $1 million. The plaintiffs, whose losses range from thousands to over $14.5 million, initially lost their case in 2022 but later won on appeal and are now negotiating with the Justice Department. Landlords hope to recover up to $1.5 billion, arguing the CDC unfairly interfered with their property rights and business operations during the pandemic.
“It’s important for us to stand up when a group like the CDC unilaterally, functionally, decides that they have a right to oversee our business,” said Haines, who owns three rental communities with 240 units in Arlington and Irving, Texas.
Click here to read the full story at the AP.
Discover more from Real Estate Investing Today
Subscribe to get the latest posts sent to your email.
