June 2020 Rental Payments
The National Multifamily Housing Council, continues to track rent payments made through the pandemic. Rents for June 2020 came in at 95.9% compared to 96% in June 2019. Rent payments continue to marginally accelerate month over month. Unemployed workers that had been receiving benefits up to $600/week through the pandemic were recently notified that these payments would end on July 31st. The question remains what the numbers will look like for August and September if another stimulus package is not passed. Stay tuned and follow our LinkedIn page for updates.