Nearly a third of US apartment renters didn’t pay ANY rent for April as coronavirus shutdown puts millions out of work and landlords fear they won’t be able to pay taxes and utilities

Wednesday, April 8, 2020
By Paul Martin

New data shows 31 percent of US renters didn’t make any payments by April 5
That’s up from 19 percent that didn’t make a payment in the first week of March
At least 10 million people have been put out of work in the past few weeks
Households are scrambling to pay bills and put food on the table
Crisis could push 1.5 million families to the brink of homelessness, experts say

8 April 2020

Nearly a third of U.S. residential tenants did not make any rent payments in the first week of April, according to new industry data, while experts warn 1.5 million families could be pushed to the brink of homelessness by the coronavirus crisis.

By April 5, 31 percent of apartment households nationwide had not made any rental payments, according to data released by the National Multifamily Housing Council on Wednesday.

Some 40 million Americans live in rental apartments nationwide, and many of them are under the strict lockdown orders that have affected more than 90 percent of the U.S. population, shutting down businesses and putting millions out of work.

‘The COVID-19 outbreak has resulted in significant health and financial challenges for apartment residents and multifamily owners, operators and employees in communities across the country,’ said Doug Bibby, President of NMHC, in a statement.

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