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Thursday, May 06, 2021

Rent debt 'is significantly higher than pre-pandemic levels,' analysis says; see interactive state- and county-level data

"Renters across the U.S. are facing increased rent debt, with 14 percent of all renter households behind on payments. That is significantly higher than pre-pandemic levels based on an analysis released by the National Equity Atlas and Right to City Alliance," Brent Woodie reports for Route Fifty. "Among those who have fallen behind on rent payments, 76% are people who lost employment during the pandemic. Plus, 78% of low-income households making less than $50,000 per year have struggled to keep up with rent payments along with 63% of renters of color. This makes renters more vulnerable to eviction and a rise of other forms of debt like credit cards, utilities and car payments, according to the report."

More than 5 million Americans are behind on rent, owing an estimated $3,400 in renters' debt per household, or $19.75 billion nationwide. "When examined by state, renters in Alabama, Louisiana, Florida, Alaska and Georgia have the highest percentage of housing debt. On the other hand, Utah, Maine, Ohio, Idaho and Kansas are states with the lowest," Woodie reports. The share of renters with debt appears to be declining as the nation reopens.

You can see regularly updated national-, state- and county-level data for the project on an interactive data visualization tool called the Rent Debt Dashboard.

The December stimulus-and-relief package had $25 billion to help pay up to a year of back-rent, and the recent $1.9 trillion package gave the Federal Emergency Management Agency funds to help people pay one month's utilities and mortgage or rent to help prevent evictions and service cut-offs.

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