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NMHC: 87% of Apartment Households Paid Rent as of August 13
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 86.9% of apartment households made a full or partial rent payment by August 13 in its survey of 11.4 million units of professionally-managed apartment units across the country.
The number represents a 2-percentage point decrease from the share who paid rent through August 13, 2019 and compares to 87.6% that had paid by July 13, 2020.
“While NMHC’s Rent Payment Tracker continues to show that many residents have continued to meet their monthly housing obligations, that is due in large part to the relief enacted under the CARES Act,” said Doug Bibby, NMHC President. “With that support now having expired more than two weeks ago, households across the country are grappling with even greater financial distress. We strongly urge Congressional leaders and administration officials to extend critical unemployment benefits and create a rental assistance fund so that America’s tens of millions of apartment residents can remain safely and securely housed.”
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