How to Survive the Coronavirus Housing Crisis
Posted by CityLab on May 19, 2020
Worried about paying your rent or mortgage, avoiding eviction or foreclosure, renewing a lease, or getting housing assistance? These tips and resources can help.
A month ago, the worst fears of a coronavirus housing apocalypse were coming into view: According to the National Multifamily Housing Council, 31% of renters living in 11.5 million apartment units in the U.S. were late on the rent on April 5. That figure didn’t include the tens of millions of renters who live in single-family homes and other housing situations.
But by hook or by crook, millions of American renters made it through April. By April 26, the share of apartment tenants who were late with the rent had fallen to 8% — enough to put the month just a few percentage points behind rent collection in March (95%) or April 2019 (96%).
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