The following are some key points from the BostonFed economic report:
- More than 1 million NE households are at risk of missing their rent or mortgage payment due to coronavirus-related job loss.
- The CARES Act could prevent 694,400 to 836,200 NE households from missing monthly housing payments.
- Under the best-case scenario, $1.42 billion in lost housing payments is likely to accrue in NE from April through July 2020.
- More than one-third of New England households at high risk of layoff due to the pandemic.