Real Estate Coalition Letter on Rental Assistance – July 2020

NAR joined a coalition of real estate industry groups to seek relief for multifamily properties. Since the pandemic unemployment assistance ran out, property owners are seeing more and more tenants struggle to make their rent obligations.
NAR strongly urges Congress to support rental assistance to ensure families that are financially struggling as a result of the pandemic do not lose their homes. This assistance should be provided directly to housing providers to make their rent payments. This assistance will ensure that rental housing remains sustainable, and property owners are able to fulfill their financial obligations including mortgage payments, insurance, utilities, and taxes.
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Source: “Real Estate Coalition Letter on Rental Assistance – July 2020“