RIO GRANDE VALLEY, Texas – The economic impact of COVID-19 is already being felt by apartment communities across Texas including right here in the Rio Grande Valley. In a recent survey conducted by the Texas Apartment Association, April rent collections in Texas are down 12% from March, to 69% overall.
TAA is encouraging properties to work with renters by offering discounts, payment plans and waiving late fees. TAA has been busy offering guidance to both renters and landlords on update guidelines and regulations for evictions.
The Texas Supreme Court has halted evictions through the end of April. The Texas Department of Housing and Community Affairs has added extra guidance which will halt evictions at affordable community properties backed by federally subsidized loans for 120 days.
“Renters should have that comfort in knowing that they are not going to lose their apartment, or home. However, they should also know if they can pay, they should pay, because we still need to continue to operate,” said Crystal Moya Executive Board Member, Texas Apartment Association
Moya also said more congressional action is needed in providing renters with more housing assistance, and owners with property forgiveness to secure the health of the industry.
If residents cannot pay, they are encouraged to speak to their property managers about their options. Property Managers are also encouraged to provide renters with a resource list. The link to the resource list is listed down below.