NMHC Says 76.6% of Apartment Households Paid Rent by January 6th – Real Estate Investing Today
The National Multifamily Housing Council (NMHC) says that 76.6% of apartment households made a full or partial rent payment by January 6th, 2021. This figure is 1.7% lower than those who paid rent through January 6, 2020 and compares to 75.4% that paid by December 6th, 2020. The data comes from the NMHC’s Rent Payment Tracker which uses data from 11.4 million professionally managed apartment units across the country.
“While there is light at the end of the tunnel with the rollout of vaccines, the country and the multifamily industry continue to face steep challenges,” said Doug Bibby, NMHC President, “The recently passed COVID relief package included $25 billion in desperately needed rental assistance as well as expanded unemployment insurance. Now, it is critical that those funds reach those in need as quickly and efficiently as possible.