October 8, 2020
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 79.4% of apartment households made a full or partial rent payment by October 6 in its survey of 11.4 million units of professionally-managed apartment units across the country.
The number is unchanged from the share who paid rent through October 6, 2019 and compares to 76.4% that had paid by September 6, 2020.
“Our initial findings for October show that despite ongoing efforts by apartment community owners and operators to help residents facing financial distress through creative and nuanced payment plans, rent relief and other approaches, renters and the broader multifamily industry are confronting growing challenges,” said Doug Bibby, president at NMHC.
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