Last updated: 07/30/21
Biden seeking to extend moratorium
July 29, 2021 – The Biden Administration on Thursday said it would not attempt to unilaterally extend the Centers for Disease Control and Prevention’s (CDC) national eviction moratorium, allowing it to expire on July 31.
In a statement, the White House acknowledged a recent Supreme Court ruling on the issue, saying, “. . . the Supreme Court has made clear that this option is no longer available.”
President Biden is now asking Congress to intervene and extend the ban. Read more…
Rental assistance guidance is available on NAR’s website. The White House has also been preparing tenants for weeks for the end of the moratorium, issuing new guidance yesterday on how to obtain rental assistance. Also, find information on RentReliefRI here.
SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal:
The U.S. Small Business Administration (SBA) is launching a new, streamlined loan forgiveness application portal that will simplify forgiveness for millions of small businesses. The new portal allows borrowers with Paycheck Protection Program (PPP) loans of $150,000 or less to apply for forgiveness directly through the SBA, instead of their lender. Read more on the new portal here.
New masking recommendations from the CDC: The Centers for Disease Control and Prevention on Tuesday announced new recommendations that vaccinated people return to wearing masks indoors in parts of the U.S. where the coronavirus is surging. Scientists cited new information about the ability of the delta variant to spread among vaccinated people. The CDC also recommended indoor masks for all teachers, staff, students and visitors to schools, regardless of vaccination status.
At a rate of more than 57 new cases per 100,000 persons over the past week, Rhode Island is now considered to have “substantial transmission” of the coronavirus by the CDC’s standards, however Governor McKee has indicated that he is not instituting new executive orders at this time. The state is recommending universal mask use within school settings though, regardless of vaccination status, when the 2021-22 school year begins.
RI Division of Taxation: The Rhode Island Division of Taxation reminds taxpayers and tax preparers about the tax treatment of unemployment benefits. Any REALTORS who received unemployment benefits in 2020 must pay tax on them in Rhode Island. The federal government excludes up to $10,200 in employment benefits from federal taxes.
Governor McKee announced that students will return to school in the fall. Masks will be required for children riding on school buses. It will be up to school districts to set guidelines for students who are not vaccinated.
The Biden administration has extended the nationwide ban on evictions until July 31st to help tenants who are unable to make rent payments during the coronavirus pandemic. See FAQs here.
June 18, 2021 Executive Orders Re: Masks: https://governor.ri.gov/documents/orders/Executive-Order-21-69.pdf
June 18, 2021 Executive Orders Re: Reopening: https://governor.ri.gov/documents/orders/Executive-Order-21-68.pdf
Vaccinated and unvaccinated people in Rhode Island will no longer need to wear masks outdoors starting Wednesday, June 2nd, though they are recommended in crowds. The removal of the outdoor mask mandate applies to all ages and outdoor settings, including live performances, youth sports and summer camps.
The work search requirements for UI claimants are reinstated as of May 23, 2021. Click here for more information.
R.I. fully opened Friday, May 21. Pandemic restrictions lifted with few exceptions: Nightclubs; indoor venues featuring live performances; indoor hookah bars; and gyms that want to use saunas will required to check the vaccination status of customers, if they want to open to full capacity for unmasked patrons.
Latest OPEN HOUSE GUIDANCE: Per the R.I. Dept. of Business Regulation, fully vaccinated individuals are not required to wear masks, either outdoors and indoors, at open houses. However, establishments/businesses may (but are not required to) supplement existing rules with their own rules regarding mask wearing, proof of vaccination, testing and other mitigations. Also, homeowners/sellers can set the rules for their own home. Therefore, you should still arrive prepared with masks and tell your clients to do the same. Also, the latest guidance does not require the 3’ social distancing rule.
MLS Customers, please remember to:
- Use the Open House Comments section to spell out the “rules” regarding your open houses and;
- Cooperating Brokers should LOOK for the Open House comments BEFORE sending customers to an Open House to make sure the rules of the open house are understood.
R.I. lifts mask requirements with some exceptions. See May 18, 2021 Executive Orders regarding masks here.
Federal Court strikes down eviction ban
Applications open for $200M rent program
A new $200 million, emergency rental assistance program administered by the R.I. Housing and Mortgage Finance Corp. has launched to help tenants and landlords who have lost income during the COVID-19 pandemic. RIHousing has created a website for the RentReliefRI program with a signup form for people who are interested in more information
The current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one year. The 2020-2021 USPAP will now be effective until December 31, 2022. USPAP is the generally recognized ethical and performance standards for the appraisal profession in the United States. The ASB cited the extra time is needed to fully address issues brought up by conducting socially-distant appraisals during the COVID-19 crisis and growing concerns about discrimination in the development of appraisals and other opinions of value.
The Biden administration announced that it would extend the foreclosure moratorium and mortgage forbearance through the end of June. The actions would block home foreclosures and offer delayed mortgage payments until July, as well as offer six months of additional mortgage forbearance for those who enroll on or before June 30.
The eviction moratorium remains in effect through March but was not included in the actions.
The departments of Housing and Urban Development, Veterans Affairs and Agriculture will work together to enact the actions, according to the announcement from the White House. Resources for homeowners will be consolidated on the Consumer Financial Protection Bureau’s website.
Find vaccine updates here: COVID-19 Vaccine | RI COVID-19 Information Portal
See the latest real estate/tenant transaction guidelines on the RI Dept. of Business Regulation’s website.
Information REALTORS® need to know:
This page and the links below will be continually updated as information becomes available.
- Phase 3 Reopening Guidance from Commerce RI
- RIAR/MLS Office/Staffing/Event & Class Cancellations
- Real Estate Specific Updates: Federal, State and Municipal Resources
- COVID-19 FAQs for REALTORS
- COVID-19 Amendment to the Purchase and Sales Agreement Revised 4/7/
- RI REALTORS Recorded Virtual Town Hall Webinars: Timely topics covered by industry experts.