Nearly 25 Percent of Americans Couldn’t Pay Their April Housing Bill
A new survey indicates that one in four Americans were not able to pay their April housing bill in full, according to Apartment List.
The survey showed half of those respondents were able to make...
Rental Households May Need $7-$12 Billion a Month During COVID-19 Closures
Amherst Capital Management estimates that $7 billion to $12 billion in rental payment support is needed for rental households to assist hourly workers for every month of COVID-19 related closures, according to the company’s...
Portland City Council Calls for Forgiveness of Rent, Mortgage Payments
Portland City Council members have called for forgiveness of residential rent and mortgage payments, saying a moratorium on evictions is not enough.
“Without a moratorium and forgiveness of residential rent and mortgage payments, we are...
3 Areas Where Congressional Legislation Falls Short, Could Be Detrimental to Rental Housing Market
Legislation passed by Congress to stave off economic collapse may create problems for rental-housing property owners, according to a release from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA).
“While there...
California Apartment Association Asks Landlords to Freeze Rents, Offer Payment Plans
The California Apartment Association has called on members to freeze rents, halt evictions, offer payment plans and waive late fees as a result of COVID-19, according to a release.
“The COVID-19 pandemic has brought frightening...
Renters Still Optimistic About Finding New Apartments
Renters are still optimistic about moving, and finding new apartments remains a priority even during these times, as 56 percent saying they would move as soon as they find one, compared to 17 percent...
Portland, Multnomah County Sign Emergency Order Suspending Evictions
Portland Mayor Ted Wheeler and Multnomah County Chair Deborah Kafoury have signed emergency orders suspending evictions for tenants who cannot pay rent due to coronavirus-related challenges.
Residential tenants cannot be evicted for not paying rent...
California Apartment Owners, Manager to Pay $14,500 to Settle HUD Sexual Harassment Complaint
The owners and manager of a Bakersfield, California, apartment complex have agreed to pay $14,500 to several female residents to settle allegations of sexual harassment, according to a release from the U.S. Department of...
Multifamily will Feel COVID-19 Effect, but Industry Strength Can Weather Modest Slowdown
The multifamily industry may feel the impact of the domestic spread of COVID-19, however the majority of the industry remains well-capitalized and strong enough to weather a modest slowdown, says Yardi Matrix in its...
Seattle Mayor Signs Emergency Order Placing Moratorium on Evictions
Seattle Mayor Jenny Durkin has signed an emergency order putting in place immediately a temporary moratorium for any residential eviction action related to the non-payment of rent, according to a release.
Tenants are required to...