NLHA Report on the Impacts of COVID-19 On Affordable Housing Providers

The National Leased Housing Association released a new report on the impacts of COVID-19 on affordable housing providers. “The impact on low- and moderate-income housing providers, renters, service providers and communities, is inevitability linked. The severe financial strain caused by the inability of individuals and families to pay rent directly impacts housing providers ability to cover property expenses, invest in new housing projects and generate income. In the long run, the negative impacts on housing providers, if not addressed, will result in lower housing supply, reduced renter mobility and foregone benefits to low- and moderate-income communities. However, if housing providers can recover financially and restore investments in new housing developments, including affordable housing, the industry can play an important role in the economic recovery from COVID-19.”