Downtown Boston real estate for sale 

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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.

National Apartment Association

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.

Realtor.com

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.

Boston Real Estate Rental Market and the Bottom Line

If the current Congress does not succeed in reaching an agreement on Covid relief, Brown said, “NAA looks forward to working with the new Congress and administration to ensure the unique needs of rental housing providers and renters alike are met. Like the entire nation, NAA wants to see all parties end the partisan politicking and focus on the urgent needs of the American people they’ve been elected to serve.”

Downtown Boston real estate for sale 

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