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NMHC: February Rent Collections Up from January
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.2% of apartment households in its survey made a full or partial rent payment by Feb. 6. That’s down 1.9 percentage points from a year ago but up 2.6 percentage points from the same time last month.
“As we approach almost a full year of navigating the pandemic and the resulting financial distress, we remain encouraged by the COVID relief package passed at the end of 2020 that included critical support for apartment residents and the nation’s rental housing industry such as $25 billion in rental assistance, extended unemployment benefits and direct payments,” said Doug Bibby, NMHC president.
He added, though, that “additional support for renters is clearly needed. Estimates of 2020 lost rent alone range from $27 billion to nearly $60 billion, despite the impact of previous federal COVID relief efforts.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
