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NMHC Commits to Support for Residents Impacted by Pandemic

Amid the COVID-19 outbreak, the National Multifamily Housing Council (NMHC) recommends that apartment firms consider adopting the following principles to help America’s renters retain their housing during the crisis:

  • Halt evictions for 90 days for those who can show they have been financially impacted by the COVID-19 pandemic.
  • Avoid rent increases for 90 days to help residents weather the crisis.
  • Create payment plans for residents who are unable to pay their rent because of the outbreak, and waive late fees for those residents.
  • Identify governmental and community resources to help residents secure food, financial assistance and healthcare, and share that information with residents.
  • Communicate to residents that it is a priority for the industry to partner with them to help them retain their housing.
  • Develop a response plan for potential COVID-19 exposure.

Since most rental properties are owned by individuals and small businesses that have financial obligations, NMHC says Congress must extend mortgage forbearance to rental property owners and extend similar protections to other financial obligations such as insurance premiums, utility service payments and tax liabilities.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
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