Metrics for Affordable Housing and Public Housing Sectors Diverged Further in September
SOLON, Ohio, Oct. 15, 2020 /PRNewswire/ -- Contrasts between the affordable housing and public housing sectors widened in September, according to the latest report from Proptech firm MRI Software ("MRI"). Most notably, admission volume rebounded in affordable housing and underperformed in public housing, while rent collection continued to lag in affordable housing yet stayed stable in public housing.
MRI's report compiles data from more than 1.5 million affordable and public housing units throughout the U.S. in January-September 2020 and January-September 2019. Analysis comprises both year-over-year and month-over-month comparisons.
Highlights of the findings include:
He adds: "If the stressors from the pandemic persist, we can expect more challenges in affordable collections, and we might start to see a greater impact on public housing. We will continue to issue these market reports in an effort to help both sectors plan ahead amid great uncertainty."
About MRI Software
(U.S. for MRI)
(U.K.) Platform Communications for MRI
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SOURCE MRI Software