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Rent Payments Fall as Layoffs Ripple Through U.S. Real Estate

As NYC Public Housing Tenants Suffer, A Glimmer Of Hope Emerges
Photographer: Bess Adler/Bloomberg

The economic pain caused by the coronavirus is translating to lower rent collections this month.

Just 69% of U.S. apartment renters made payments through April 5. That compares with 81% who paid their rent by March 5, a new tracking tool published by the National Multifamily Housing Council shows.