Length: 1hr 26 mins
The spread of COVID-19 has caused unprecedented economic disruption. When establishing the Rent Payment Tracker, NMHC wanted to create industry-level data and insight to understand the scope of the economic challenges and the effectiveness of COVID-19-related policies and programs.
To date, renters have been able to keep up with their commitments through a variety of federal, local, and private programs, in addition to creative solutions from apartment owners and managers including, payment plans, elimination of fees, applying security deposits to rent, and more.
However, in the United States, federal government assistance ends in a few weeks and there is a lack of clarity on the rapidity of the economic recovery. Where does this leave the renter and what does it mean for the financial relationship between residents and landlords? How do the solutions implemented during the global crisis evolve to support a stable housing market? In this workshop, NMHC representatives and other housing leaders present rent payment data to assess the effectiveness of government policy as well as share private sector innovations that are on the forefront of modernizing person-to-person transactions.