Although COVID-19 has had an outsized economic impact on residents of public and affordable housing, it has had minimal impact to date on rent payments or move-outs, according to a new report by MRI Software.
“We expected to see a less positive picture in the affordable and public housing sectors than in the conventional sector, given the seemingly more acute impact of the pandemic on this population, but the trends are surprisingly similar,” said Brian Zrimsek, industry principal, MRI Software. “Like tenants of market-rate units, tenants of affordable and public housing units seem to be staying in place while also prioritizing rent over other expenses.”
The report, which compares data from more than 1.5 million active affordable and public housing units in February–May 2020 and February–May 2019, revealed patterns similar to those highlighted in MRI’s recent report on the
