July 27, 2020 Comments Off on NMHC: 91% of Apartment Households Paid Rent as of July 20 Views: 528 D.C. News, Washington, D.C. News

NMHC: 91% of Apartment Households Paid Rent as of July 20

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The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 91.3% of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally-managed apartment units across the country.

The number represents a 2.1 percentage point decrease from the share who paid rent through July 20, 2019 and compares to 92.2 percent that had paid by June 20, 2020.

“The extended unemployment benefits and other government support that have proven critical to keeping apartment residents in their homes expire in just a few days,” said Doug Bibby, president at NMHC. “Lawmakers are currently negotiating, but Members of Congress and Trump administration leaders need to understand that unless comprehensive action is taken now to protect the tens of millions of Americans who live in an apartment home, they risk destabilizing the nation’s housing market, undermining the nascent economic recovery, and turning the ongoing health and economic crisis into a housing crisis.”

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