Housing Matters: “The Future Is Shared”: Why Supporting Renters during COVID-19 Is Critical for Housing Market Stability

Steve Thomas has operated as a small landlord on the South Side of Chicago for 25 years. Most of his tenants are single mothers living paycheck to paycheck and working low-wage jobs. With employers across the country implementing massive layoffs during the COVID-19 pandemic, most tenants who lose their jobs don't have enough savings to cover next month's rent, let alone the next several months'.

“I really don't know where that leaves us, but I know it leaves us vulnerable,” Thomas said. “It leaves us all vulnerable.”

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Courtesy of Housing Matters at Urban Institute Initiative