NMHC Says 79.2% of Apartment Households Paid Rent by February 6th – Real Estate Investing Today
The National Multifamily Housing Council (NMHC) says that 79.2% of apartment households made a full or partial rent payment by February 6th, 2021. This figure is 1.9% lower than those who paid rent through February 6, 2020 and higher than the 76.6% that paid by January 6th, 2021. The data comes from the NMHC’s Rent Payment Tracker which uses data from 11.4 million professionally managed apartment units across the country.
“As we approach almost a full year of navigating the pandemic and the resulting financial distress, we remain encouraged by the COVID relief package passed at the end of 2020 that included critical support for apartment residents and the nation’s rental housing industry such as $25 billion in rental assistance, extended unemployment benefits and direct payments,” said Doug Bibby, NMHC President.