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Renters Continue Stepping Up with On-Time Payments, NMHC Says
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 89% of apartment households made a full or partial rent payment by June 13 in its survey of 11.4 million units of professionally-managed apartment units across the country.
This is a 0.1-percentage point increase from the share who paid rent through June 13, 2019, and compares to 87.7% that had paid by May 13, 2020.
“Once again, it appears that residents of professionally-managed apartments were able to largely pay their rent,” said Doug Bibby, NMHC President. “However, there is a growing realization that renters outside of this universe are experiencing profound hardships as the nation continues to grapple with historic unemployment and economic dislocation.”
Accordingly, Bibby added, “We urge lawmakers to take swift action to create a Rental Assistance Fund, and extend unemployment benefits so we can avoid future eviction-related problems and don’t undermine the initial recovery.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
- ◦Lease
