Renters face a financial cliff as the assistance and protections given to them during the pandemic run their course. About 30% of renters polled by the U.S. Census say they have no confidence or slight confidence in their ability to pay rent next month.
FILE - In this May 20, 2020 file photo, signs that read "No Job No Rent" hang from the windows of an apartment building in Northwest Washington. Renters are nearing the end of their financial rope as the assistance and protections given to them during the pandemic run their course. About 30% of renters polled by the U.S. Census say they have no confidence or slight confidence in their ability to pay rent next month.
Sam Moore knows this pressure all too well. Shortly after the stay-at-home orders hit in California, Moore and his four roommates who live in San Francisco’s Treasure Island found themselves with no regular income. Only two of them received relief checks from the federal government, one was receiving unemployment and two are still waiting on it.
The center reported in January that vacancy rates for rentals had hit the lowest level in decades, pushing up rent far faster than income. At last count, one in four renters spent more than half their income on housing. If you live in federally-subsidized housing and your income has changed, you may qualify for a reduction in rent; contact your housing authority to talk about income recertification.
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