The National Multifamily Housing Council, Rent Payment Tracker survey of 13.4 million units across the country for the week April 1-5 found 31 percent renters did not pay rent. The good news is that 69 percent did.
Every week the NMHC will track rental payments of the apartment units in its network. Student housing, military and subsidized affordable housing units are not included in the survey.
The NMHC attributes the fact that 69 percent of the renters still met their payments partly due to proactive steps put forward by their members and quoted below:
- Halt evictions for 90 days for those who can show they have been financially impacted by the COVID-19 pandemic. (This would not apply to evictions for other lease violations such as property damage, criminal activity or endangering the safety of other residents of the community.)
- 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.
Other Attributions: @Pilot_Capitol, @Pymnts