Washington, D.C. – The breakdown of negotiations this afternoon about the future of COVID-19 relief ignores the financial and health distress facing millions of Americans. This failure, coupled with the nation-wide eviction moratorium put in place by the Centers for Disease Control (CDC), places the stability of the entire rental housing sector in danger and potentially puts tens of millions of apartment residents at even greater risk.
With no assistance forthcoming, renters and rental property owners alike will be put in an untenable situation with unsustainable debt mounting on a daily basis. Further, housing providers will continue to suffer losses that will increasingly strain their ability to continue operations.
NMHC strongly urges President Trump, his administration and Congressional leaders to resume negotiations and for leaders in both parties to urgently pursue solutions including robust rental assistance in order to forestall the health and financial crises we are already facing from evolving into a housing crisis which would undermine the economic recovery and destabilize the country’s housing market.
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. We bring together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for 40 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail the Council at email@example.com.
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