Bill Introduced to End Federal CARES Act Notice to Vacate
On February 7, 2024, Senators Marco Rubio (R-Fla.) and Bill Hagerty (R-Tenn.) introduced S. 3755, the Respect State Housing Laws Act, in the U.S. Senate. The legislation would end the CARES Act’s federal notice to vacate requirement for federally-backed and federally-assisted housing, a temporary pandemic measure left in place due to a drafting error.
Companion legislation, H.R.802, was reintroduced in the U.S. House by Representative Barry Loudermilk (R-Ga.-11) last year.
The National Apartment Association (NAA) – alongside real estate coalition partners – worked diligently with members of Congress to secure the introduction of this bill in both chambers. For an industry that operates on small margins – 93 cents of every rent dollar cover essential operational expenses and support local communities – federal intrusion into a highly-localized process presents immense financial and operational hurdles.