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October 22, 2020 Comments Off on NMHC: 91% of Apartment Households Paid Rent as of October 20 Views: 713 D.C. News, Top Washington, D.C., Washington, D.C. News

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

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The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 90.6% of apartment households made a full or partial rent payment by October 20 in its survey of 11.4 million units of professionally-managed apartment units across the country.

The number represents a 1.8-percentage point, or 199,224-household decrease from the share who paid rent through October 20, 2019 and compares to 90.1% that had paid by September 20, 2020.

“The importance of the initial support provided to apartment residents by the CARES Act is becoming increasingly clear,” said Doug Bibby, president at NMHC. “However, that support has now long since expired and the savings households were able to build are evaporating quickly. NMHC continues to urge lawmakers to come together and pass meaningful assistance to support renters and keep America’s rental housing sector stable.”

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