Bloomberg Quicktake's video: California Governor Gavin Newsom Extends Eviction Moratorium

California Gov. Gavin Newsom signed a law on Friday that extends eviction protections through the end of June. Last year, Newsom signed a law that banned evictions for unpaid rent for tenants who paid at least 25% of their rent owed after Sept. 1. That law was set to expire on Monday. But the law Newsom signed on Thursday extends those protections through June 30. Tenants who qualify for the protections will still owe their rent, they just can't be evicted for not paying all of it. The law would use federal stimulus dollars to pay off 80% of some tenants' unpaid rent, but only if landlords agree to forgive the remaining 20%. If landlords refuse the deal, the law would pay off 25% of tenants' unpaid rent to make sure they qualify for eviction protections. People who earn more than 80% of the area median income are not eligible for the money. Some housing advocacy groups worry the law gives too much power to landlords. During a virtual bill signing ceremony on Friday, Newsom, Senate President Pro Tempore Toni Atkins and Assembly Speaker Anthony Rendon all pledged to pass a law offering more assistance later this year. “We're not done,” Newsom said. “None of us are naive that we have a lot more work to do.” Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake