The spread of COVID-19 has had a limited economic impact, so far, on the ability of residents to make rent payments in public and affordable housing, according to a new report.
The report, by MRI Software, found payment rates for residents in public housing dropped 2% in May compared to May 2019. Rent payments were down 10% year-over-year during that same time for residents in affordable housing. That was still up 3% from pre-pandemic levels in February.
The report notes the limited impact on payments indicates housing continues to be a priority during the pandemic.
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Nate Robson
Nate Robson is the U.S. Supreme Court and regulatory editor. Contact him at [email protected]. On Twitter: @Nate_Robson1.
