July 15, 2020
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 87.6% of apartment households made a full or partial rent payment by July 13 in its survey of 11.4 million units of professionally-managed apartment units across the country.
The numbers represent a 2.5-percentage point decrease from the share that paid rent through July 13 of 2019 and compares to 89% that had paid by June 13, 2020.
“The government support, including unemployment benefits, that has proven so important to so many apartment residents, expires at the end of the month,” said Doug Bibby, president at NMHC. “Lawmakers need to continue to protect the individuals and families that call an apartment home. If action isn’t taken now we risk making the nation’s housing affordability challenges far worse, rolling back the initial economic recovery and putting tens of millions at risk of greater health and financial distress.”
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