Global Health Crisis Special Report
What’s in Store for Multifamily Rent Collections After Federal Unemployment Compensation Ends in July?
Unemployment claims surged by 33 million from March to the beginning of May as the COVID-19 pandemic spread across the nation. Due to the severity and rapid slowing of the economy, the federal government under the CARES Act has begun providing an additional $600 per week in expanded unemployment compensation to those receiving state unemployment benefits. Under the current legislation, the expanded unemployment compensation will be available through July 31st.