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NMHC: 90% of Apartment Households Paid Rent as of August 20
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 90% of apartment households made a full or partial rent payment by August 20 in its survey of 11.4 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 August 20, 2019 and compares to 91.3% that had paid by July 20, 2020.
“Lawmakers in Congress and the Administration need to come back to the table and work together on comprehensive legislation that protects and supports tens of millions of American renters by extending unemployment benefits and providing desperately needed rental assistance,” said Doug Bibby, president at NMHC. “The industry remains encouraged by the degree residents have prioritized their housing obligations so far, but each passing day means more distress for individuals and families, and greater risk for the nation’s housing sector. If policymakers want to prevent a health and economic crisis from quickly evolving into a housing crisis, they should act quickly to extend financial assistance to renters.”
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