A report from the Daily Poster revealed the Charles Koch Foundation has been funding a legal campaign to end the COVID-era eviction bans. At the same time, he’s been investing in real estate companies with a possible financial interest in resuming evictions.
To break it down: the CDC created an eviction moratorium — a temporary ban on evictions — so people who couldn’t work during the pandemic wouldn’t get evicted. There’s been a legal battle in a series of federal courts to try and strike down these bans. Cases have been brought by three different legal groups, all of which have gotten money from the Charles Koch Foundation ($7.7 million, to be exact). At the same time, Koch Industries, which is best known for its investment in fossil fuels, has been buying up properties at reduced prices during the pandemic.
Who is Charles Koch?
Charles Koch (whose net worth is $47 billion) grew Koch Industries alongside his brother David and has been one of the most powerful people in American politics for decades. However, the Koch Brothers’ regular use of their fortune on political projects has landed them a controversial reputation from those who claim that the extremely wealthy have a disproportionate amount of influence over U.S. politics.
This move to end the ban on evictions has received criticism. It leaves millions of people facing eviction and raises questions about the effectiveness of the political system: A billionaire can legally use their wealth to change policies that exist to protect millions of the most vulnerable people in the country.
The eviction bans will end on June 30, 2021. Although several states and local governments have ordinances out to prevent evictions for a period of time, eviction could be around the corner for many people in America.