What to Do About Vacancies During COVID-19

Posted On: May 18, 2020

Do you have vacancies that you are not able to interview and fill as a result of COVID-19?

vacancies

In April, CBRE Group, Inc. predicted COVID-19’s impact on the U.S. economy would lead to “increased multifamily vacancy and declining rents” through May. Add to that an estimated 6.3% vacancy rate overall by the third quarter of this year. CBRE Econometric Advisors expect a recovery to begin in the Q4.

So what can you do to keep your property solvent until then? The U.S. Department of Housing and Urban Development talked about what you can do about vacancies in the latest Multifamily Coronavirus Q & A.

Watch the video below for HUD’s answer.

SEARCH IN BLOG

ARCHIVE

CATEGORIES

LATEST POSTS

YOU MIGHT ALSO LIKE

CSP Request

CSP Instructions for Completing HUD 52671-E

Purpose of form HUD 52671-E  CSP funds are to help address operating cost increases incurred by owners to prevent, prepare […]

Read More
special claims for vacancy

Special Claims for Vacancy during COVID-19

Eligible properties include Section 8, Section 202/811 PRAC and Project Assistance Program. The memo instructs owner/agents on how to process the claims from March 27, 2020, to September 30, 2020.

Read More

Join the Navigate Team!

We’ve added a new job post for a Section 8 Contract Management Specialist. Responsibilities include: Renew expiring Section 8 HAP […]

Read More