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.



YOU MIGHT ALSO LIKE

Renters Bill of Rights

Renters Bill of Rights Announced

The Biden-Harris Administration recently announced the Renters Bill of Rights. These principles will help protect renters across America. The administration […]

Read More
end hunger

Plan to End Hunger by 2030

A new plan to end hunger is taking shape as millions of Americans face food insecurity daily. According to the […]

Read More
Magic City Harvest

Navigate Gives Back: Magic City Harvest

Magic City Harvest received a Navigate Gives Back grant in 2021. Navigate Affordable Housing Partners believes in giving back to the […]

Read More