The National Multifamily Housing Council's Quarterly Survey of Apartment Market Conditions this month showed overall optimism in the sector, with the organization's index for market tightness signaling tighter conditions for the first time since October 2019.
But roughly a quarter of all respondents to the NHMC survey indicated they hadn't received any rent relief funds included as part of the federal Emergency Rental Assistance Program, adding to the angst over the program's lackluster rollout since its inclusion in the last round of federal stimulus.
All told, 47% of respondents said they have accessed federal rent relief funds in at least some of their areas of operation, with 5% of respondents reporting receiving funds in all areas of operation and 42% in just some areas. Another 16% percent of respondents said that they've received relief funds from other sources.
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