The National Multifamily Housing Council’s Rent Payment Tracker shows that 90.1% of apartment households had made a full or partial rent payment by Sept. 20, out of a sample of 11.4 million units of professionally managed market rate apartment units.
This marks a 1.7 percentage point decrease from the share of households that paid rent by Sept. 20, 2019, a difference of 192,936. One month ago, 90% of households were able to make a full or partial rent payment by Aug. 20.
“This morning’s results show the real-world impact of lawmakers failing in their responsibilities to their constituents,” says Doug Bibby, NMHC president. “Almost 200,000 households have been unable to pay their September rent. Congress and the Trump administration have a proven model in the CARES Act that supported apartment residents through the early months of the pandemic. Now is the time for them to show leadership by once again supporting the millions of Americans who call an apartment home by enacting meaningful rental assistance and mitigating, to some degree, the negative consequences of the nationwide eviction moratorium, which jeopardizes the stability of the nation’s housing finance system.”
