Manville on Heavy Burden of Rent Debt as Pandemic Drags On
An Orange County Register story on frustrations surrounding California’s rental assistance program, which made $5.2 billion available to help low-income tenants and their landlords during the COVID-19 pandemic, cited research led by the Lewis Center for Regional Policy Studies at UCLA Luskin. Surveys conducted in July 2020 and March 2021 found that, in Los Angeles County, renters’ debt rose sharply as the pandemic dragged on. Almost half of those surveyed in March turned to friends and family to help them pay rent, 58% dipped into their savings and 37% took out an emergency or payday loan, the study found. “That’s a lot of debt that people have accumulated, and they will be left out in the cold if we end up moving forward with a program that just pays your rent,” said Associate Professor of Urban Planning Michael Manville, co-author of the study. The research was also highlighted by Commercial Observer and Multi-Housing News.
Leave a ReplyWant to join the discussion?
Feel free to contribute!