Brief How Much Assistance Is Needed to Support Renters through the COVID-19 Crisis?
Sarah Strochak, Aaron Shroyer, Jung Hyun Choi, Kathryn Reynolds, Laurie Goodman
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In this brief, we compare published estimates of the impact of the COVID-crisis on renter households. Based on this comparison and newly released data on job loss by state and industry, we model job loss on renter households and estimate the monthly assistance needed to support renters who experienced a recent job loss as well as assistance needed to alleviate rent burden for all renter households. For both estimates, we detail how the amount of assistance differs with and without the supplemental unemployment assistance from the Coronavirus Aid, Relief, and Economic Security (CARES) Act that expires at the end of July.

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Research Areas Social safety net Housing finance Housing
Tags Housing affordability Unemployment and unemployment insurance
Policy Centers Housing Finance Policy Center Research to Action Lab