The spread of COVID-19 has had a limited economic impact, sofar, on the ability of residents to make rent payments in publicand affordable housing, according to a new report.
The report, by MRI Software, found payment rates forresidents in public housing dropped 2% in May compared to May 2019.Rent payments were down 10% year-over-year during that same timefor residents in affordable housing. That was still up 3% frompre-pandemic levels in February.
The report notes the limited impact on payments indicateshousing continues to be a priority during the pandemic.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nate Robson
Nate Robson is the U.S. Supreme Court and regulatory editor. Contact him at [email protected]. On Twitter: @Nate_Robson1.
