January 11, 2021
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 76.6% of apartment households made a full or partial rent payment by January 6 in its survey of 11.3 million units of professionally-managed apartment units across the country.
The number represents a 1.7-percentage point, or 192,613-household decrease from the share who paid rent through January 6, 2019 and compares to 75.4% that had paid by December 6, 2020.
“While there is light at the end of the tunnel with the rollout of vaccines, the country and the multifamily industry continue to face steep challenges,” said Doug Bibby, president at NMHC, “The recently passed COVID relief package included $25 billion in desperately needed rental assistance as well as expanded unemployment insurance. Now, it is critical that those funds reach those in need as quickly and efficiently as possible.
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