Rent Payments in Affordable Housing During the Pandemic: The Role of Rental Subsidies and the Safety Net
In this brief, the NYU Furman Center and the Terner Center for Housing Innovation at UC Berkeley join together as members of the Housing Crisis Research Collaborative to conduct updated and additional analysis of renters and rental payments in primarily affordable housing portfolios in New York City and California. We are able to elevate similarities in trends and provide a more complete picture of the challenges facing both renters and property owners as they exit the depths of the economic crisis.
In partnership with the New York State Association for Affordable Housing (NYSAFAH) and its members, as well as with feedback and support from the Housing Crisis Research Collaborative, the Furman Center compiled a novel data set of detailed information on rent charges and payments at the tenant level. Using these data, this report examines how rent payments and rental arrears (accumulated rent owed) changed for tenants residing in this sample provided by affordable housing owners and managers.