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NMHC Says Renters Keep Paying, But Warns of Ongoing Hardships
The National Multifamily Housing Council (NMHC)’s latest Rent Payment Tracker found 90.8% of apartment households made a full or partial rent payment by May 20, based on NMHC’s survey of 11.4 million professionally-managed apartment units. That’s a 2.2-percentage point decrease in the share who paid rent through May 20, 2019 and compares to 89.2% that had paid by April 20, 2020.
“Each week, we see new evidence that Americans are prioritizing rent and that the work apartment firms did to create flexible payment plans is paying dividends,” said Doug Bibby, NMHC president. “However, the hardships caused by the outbreak are not ending anytime soon.”
Bibby said it’s critical that lawmakers “support America’s 43 million renter households with a national rental assistance fund as was included in the House-passed HEROES Act, and to protect our housing providers with expanded mortgage forbearance.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
