May rent payments surpasses expectations


Mortgage Professional America (May 11, 2020) -- The National Multifamily Housing Council (NMHC) is calling on U.S. lawmakers to include $100 billion in direct renter assistance in the next pandemic relief package, despite positive numbers on May rental payments.

Even as the unemployment rate surges across the country, NMHC’s rental payment tracker found more than 80% of apartments made a full or partial rent payment by May 6. That compares to 78% that made a payment by April 6. The rent tracker survey looks at 11.4 million professionally managed apartment units across the country that vary by size, type, and average rental price.

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