Rental Assistance in New COVID Relief Bill is not Enough Experts Warn

Industry News,

Through Jan. 1, it is estimated that renters affected by the coronavirus pandemic owe up to $25 billion in back rent, but that does not cover utilities and late fees. It also does not include rent expected to be missed at the start of January. Approximately 30% of renters said they had no confidence they would be able to pay next month’s rent, according to a newly released survey by the U.S. Census.

That survey also showed that 18% of current renters are behind on their monthly payments. That represents 19 million people in about 8 million households….Read more.