August 10, 2020
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 79.3% of apartment households made a full or partial rent payment by August 6 in its survey of 11.4 million units of professionally-managed apartment units across the country.
The number represents a 1.9 percentage point decrease from the share who paid rent through August 6, 2019 and compares to 77.4% that had paid by July 6, 2020.
“Over the past few months apartment residents have largely been able to meet their housing obligations. In no small part, this is due to the enhanced unemployment benefits enacted under the CARES Act and significant steps by apartment owners and operators to help their residents. These unemployment benefits that have proven so important to so many households have now lapsed, meaning greater financial distress for millions and the potential worsening of America’s housing affordability crisis,” said David Schwartz, NMHC Chair as well as CEO at Chicago-based Waterton.
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