""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."
""What I hope that we will accomplish and, to some extent, we already have, is vindication for ourselves," he said. "But what's more important to me is that hopefully my investors will recover some of that money that they should have had coming in over the last six years.""
Matthew Haines and over 1,500 property owners filed a federal lawsuit against the CDC, claiming the eviction moratorium violated the Fifth Amendment by denying compensation. The moratorium, lasting from September 2020 to July 2021, cost landlords over $1 billion. After losing in 2022, the plaintiffs won on appeal and are now in settlement talks with the Justice Department, seeking to recover $1.5 billion. The Supreme Court ruled the CDC lacked authority for the ban without congressional approval.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]