Congress did not pass any new legislation and, in fact, its initial moratorium expired in July 2020. After that point, the extensions were directed by the Centers for Disease Control and Prevention, which claimed it was authorized by a 1944 law to mandate that people stay in their homes so that they would not be put into situations where they might become infected with and spread COVID-19.
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Property owners nationwide should anticipate across-the-board utility increases in 2021, with some jurisdictions expected to see double-digit rate hikes. Yet there are proactive steps owners can take now to hedge against these additional expenses.
After weeks of remaining sheltered in place, May seems to be the month that all of our hard work staying home pays off. Many local and state governments seem to feel confident enough that the peak has passed to begin slowly reopening some nonessential businesses. From construction to real estate, many of the vendors property owners rely on should be returning to work this month, albeit with precautionary measures in place.