A property technology firm's new report tracking affordable housing and public housing has some mixed news for real estate investors.
July rent collection in affordable housing fell to a new low this year to just over 75%, indicating the growing challenges for affordable housing tenants amid the coronavirus pandemic. Meanwhile, public housing saw a strong rebound from its June to July rates with a 20% increase.
That is all according to MRI Software's latest report tracking the effects of the coronavirus on affordable and public housing throughout the U.S. Brian Zrimsek, industry principal at MRI Software, said the property technology firm computed those latest findings by comparing data from over 1.5 million affordable and public housing units.
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Michael A. Mora
Michael was born and raised in South Florida. He went to undergrad at Florida Atlantic University and earned his master's degree from the Columbia University Graduate School of Journalism. He is the crypto litigation reporter for Law.com, as well as an editor for ALM Global. You can email him at [email protected].
