Update: The Impact of COVID-19
#5 — April 6, 2020
Rent collection slowed over the weekend, as predicted.
Rent Collections:
  • To provide additional comparison, we’ve added the January detail to the analysis as January had typical collection days that fell over a weekend.
o Cumulative receipts are down (6%) compared to Feb & Mar through the 5th. 
o Cumulative receipts are up 5% compared to Jan through the 5th.

  • We’ve collected 75% of April monthly expected receipts.
o Resident receipts are at 77% 
  • Down (3%) compared to Feb & Mar through the 5th. 
  • Up 3% compared to Jan through the 5th.

o Subsidy receipts are at 68% 
  • Down (14%) compared to Feb & Mar through the 5th. 
  • Up 9% compared to Jan through the 5th.

o Senior total receipts are at 88%
  • Down (4%) compared to Feb & Mar through the 5th. 
  • Up 9% compared to Jan through the 5th. 

o Family total receipts are at 72%
  • Down (6%) compared to Feb & Mar through the 5th. 
  • Up 4% compared to Jan through the 5th.
In an attempt to share what we know and are doing during this crisis, we are publishing a set of periodic updates for our partners and friends in affordable housing. We likely will do this twice a week or as interesting events dictate. Please let us know if you would like to be removed from this list.
Thank you,
Paul Sween & Mark Moorhouse