Many Kentucky renters could face eviction
HAZARD, Ky. (WYMT) - Officials said on Monday that the United States is still in the midst of the a longstanding problem highlighted by struggles from the pandemic.
“A lot of people did get through it relatively okay, but for people who have lost their job or have been kind of on the other end of it, it is still very real,” QuoteWizard Senior Research Analyst Nick VinZant said.
A recent study released by QuoteWizard founds that Kentucky is among the top three states in potential evictions. Officials said that seven percent of people are at risk of foreclosure with 25 percent behind on rent payments and 40 percent facing the possibility of losing their homes by Christmas.
“One of the things that we’ve also found is it goes beyond just the eviction moratoriums,” VinZant said. “There is a severe lack of affordable housing in this country and particularly in every single state that we have studied.”
VinZant thinks that this is a problem that typically goes right over government officials’ heads.
“I don’t think that a lot of people in positions of power really understand how big of a problem that this is,” VinZant said. “You hear that number 40 percent of renters in Kentucky, that’s one out of every two people almost.”
This also leaves those in need to continue to wait in uncertainty.
“It’s a domino effect from there,” VinZant said. “So it has to be one of the main focal points moving forward is having affordable housing and getting people the help that they need.”
The federal moratorium on evictions ends Sunday, October 3, meaning some renters could be at risk of eviction.
According to Emily Lamb, Public Relations Specialist at QuoteWizard by LendingTree, 40% of Kentuckians could face lose housing by the end of the year.
You can view the full report here.
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