Pandemic causing long term impact for renters

Local News

MCALLEN — For Landlord Charles Amos, this is one of the toughest times in more than 30 years.

“Right now I have over 25% delinquency rates, I was expecting 50. I’m thankful. But I’m reaching out to each of the individuals and trying to come up with a solution for them,” said Amos during a ZOOM interview with CBS 4 and Local 23 News.

Amos is the owner of the North Park Apartments and The Oaks in McAllen. 

He says more tenants not being able to make rent puts him at risk of losing his property.

“As an independent small owner I don’t have that many units and to be the property valuable I have to have the cash. So when I start having 25 percent or 30 percent I’m running negative,” he added.

The National Apartment Association serves over 108 million households nationwide — 2.2 million of those in Texas.

Crystal Moya, is on the executive board. She says there was a 12 percent decrease in collection from March to April. So far in May those numbers continue to drop which is concerning.

“Without assistance not just for renters but for owners alike, out industry is at risk. We need to remember that our job is to provide safe an quality housing and if we can’t afford to do so that’s all going to go down the drain,” she explained.

There’s potential for long term impact that will take longer to recover from. Which is why landlords hope the government will step in.

“There could be so many things done to help the owner but we need to urge congress to act on these things if they can control and help the owners in others forms,” Moya added.

KVEO reached out to the office of Congressman Vicente Gonzalez who says he is actively working with House Committee Chairwoman Water’s to include provisions that will address the issues apartment  owners are facing at this time. He is contributing with the CARES 2 Act that will include aid for both renters and homeowners. 

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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