With President-elect Joe Biden set to take office in January, the economic fallout of the coronavirus pandemic on Boston apartment renters is likely to be a major concern. Even before the crisis, housing affordability and instability were serious problems.
Harvard Joint Center for Housing Studies
“This year, the Covid-19 pandemic, a powerful movement for racial justice, and the devastating impacts of climate change have combined to bring the nation’s longstanding housing challenges to the fore,” according to the Harvard Joint Center for Housing Studies’ 2020 State of the Nation’s Housing report.
Greg Brown, senior vice president of government affairs for the National Apartment Association, expressed optimism about being able to find common ground with the Biden-Harris administration on rental relief and assistance.
While Congress and state and city governments have stepped in with efforts to pour millions of dollars into new rental assistance programs aimed at dealing with unpaid rent, a lot of those benefits have already ended.
According to realtor.com, Biden will likely take an approach similar to the Obama administration in holding Fannie Mae and Freddie Mac accountable for advancing certain affordable-housing goals.