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September 24, 2020 Comments Off on NMHC: 90% of Apartment Households Paid Rent as of September 20 Views: 626 D.C. News, Top Washington, D.C., Washington, D.C. News

NMHC: 90% of Apartment Households Paid Rent as of September 20

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The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 90.1% of apartment households made a full or partial rent payment by September 20 in its survey of 11.4 million units of professionally-managed apartment units across the country.

The number represents a 1.7-percentage point decrease from the share who paid rent through September 20, 2019 and compares to 90.0% that had paid by August 20, 2020.

“This morning’s results show the real-world impact of lawmakers failing in their responsibilities to their constituents,” said Doug Bibby, president at NMHC. “Almost 200,000 households have been unable to pay their September rent. Congress and the Trump administration have a proven model in the CARES Act that supported apartment residents through the early months of the pandemic. Now is the time for them to show leadership by once again supporting the millions of Americans who call an apartment home by enacting meaningful rental assistance and mitigating, to some degree, the negative consequences of the nationwide eviction moratorium which jeopardizes the stability of the nation’s housing finance system.”

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