Admission volume and rent collection performance in the affordable housing and public housing sectors continued to widen in September.
After months of underperformance, admission volume for affordable housing rebounded in September, according to MRI Software, which reports that September 2020 volumes were 95% year-over-year for affordable housing, but only 68% for public housing.
While admission rebounded in affordable housing, rent collection was still challenging, remaining below 80% of prior year rates for the third consecutive month. The September 2020 rate was 78% for affordable housing and 98% for public housing.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
