"Some fascinating (and troubling) data being shared by @sassermodestino at the new @bostonfdn Housing Report Card webinar. Mass. being hit hard - especially communities of color - what will it mean for housing stability? Her new report is up now at https://t.co/zP5HSLhLui."
"Although economists are predicting a gradual recovery of the U.S. economy beginning sometime in the third quarter of 2020, forecasts show that the labor market will not return to pre-pandemic levels until the end of 2022.1
In Massachusetts, where unemployment is significantly higher than the national rate, it could take even longer to recover all of the jobs lost during the COVID-19 recession due to the initial severity of the pandemic and the exposure of key industries like education and health care.
Against this backdrop, residents face reduced unemployment insurance benefits that will constrain their ability to continue making their housing payments in full. Coupled with the eventual expiration of state and national eviction moratoriums, the cumulative impact of deferred rental and mortgage payments has the potential to lead to large increases in housing displacement in 2021."
Read the full report online:
There are also links to watch the webinar and to download the presentation copy
Tweet from Ted McEnroe (@tmcenroe) https://twitter.com/tmcenroe/status/1308772716548362240 https://twitter.com/tmcenroe/status/1308772716548362240?s=20 https://twitter.com/tmcenroe