https://www.wsj.com/articles/new-york-city-renters-owe-more-than-1-billion-in-unpaid-rent-survey-finds-11610622000 Skip to Main ContentSkip to Search Dow Jones, a News Corp companyAbout WSJ * News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services * Dow Jones + Barron's + BigCharts + Dow Jones Businesses + Dow Jones Newswires + Factiva + Financial News + Mansion Global + MarketWatch + Newsmart + NewsPlus + Risk & Compliance + WSJ Live + WSJ Pro + WSJ Video + WSJ.com * News Corp + Big Decisions + Business Spectator + Checkout51 + Harper Collins + Housing + Knewz.com + Makaan + New York Post + News America Marketing + PropTiger + REA + realtor.com + Storyful + The Australian + The Sun + The Times * The Wall Street Journal SubscribeSign In English Edition * English * Zhong Wen (Chinese) * Ri Ben Yu (Japanese) Print Edition Video Podcasts Latest Headlines * Home * World + Regions + Africa + Asia + Canada + China + Europe + Latin America + Middle East + Sections + Economy + More + World Video * U.S. + Sections + Economy + Law + New York + Politics + Columns & Blogs + Real Time Economics + Washington Wire + More + WSJ Noted. + Journal Report + U.S. Video + What's News Podcast * Politics + Sections + Election 2020 + Campaign Wire + More + WSJ/NBC News Poll + Politics Video * Economy + Blogs + Real Time Economics + WSJ Pro + Bankruptcy + Central Banking + Private Equity + Strategic Intelligence + Venture Capital + More + Economic Forecasting Survey + Economy Video * Business + Sections + Management + Tech/WSJ.D + The Future of Everything + Industries + Aerospace & Defense + Autos & Transportation + Commercial Real Estate + Consumer Products + Energy + Entrepreneurship + Financial Services + Food & Services + Health Care + + Hospitality + Law + Manufacturing + Media & Marketing + Natural Resources + Retail + C-Suite + CFO Journal + CIO Journal + CMO Today + Logistics Report + Risk & Compliance + The Experience Report + Columns + Heard on the Street + WSJ Pro + Artificial Intelligence + Bankruptcy + Central Banking + Cybersecurity + Private Equity + Strategic Intelligence + Venture Capital + More + Business Video + Journal Report + Business Podcast * Tech + Sections + CIO Journal + The Future of Everything + Columns + Christopher Mims + Joanna Stern + Julie Jargon + Nicole Nguyen + More + Tech Video + Tech Podcast + Startup Stock Tracker * Markets + Sections + Bonds + Commercial Real Estate + Commodities & Futures + Stocks + Personal Finance + WSJ Money + Columns & Blogs + Heard on the Street + MoneyBeat + Wealth Adviser + Market Data + Market Data Home + U.S. Stocks + Currencies + Companies + Commodities + Bonds & Rates + Mutual Funds & ETFs + More + CFO Journal + Journal Report + Markets Video + Your Money Briefing Podcast + Secrets of Wealthy Women Podcast + Search Quotes and Companies * Opinion + Columnists + Gerard Baker + Sadanand Dhume + James Freeman + William A. 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Magazine + Sections + Fashion + Art & Design + Travel + Food + Culture Search [ ][Search] CoronavirusResources Latest UpdatesTesting Rules for TravelWhat Is Known About New Strains Stimulus ChecksThe Covid Storm Series BREAKING NEWS The Trump administration is ending its push to return Fannie Mae and Freddie Mac to private hands, leaving the mortgage firms' fate to Biden's team Share * Facebook * Twitter * LinkedIn * Permalink * WSJ News Exclusive * Real Estate New York City Renters Owe More Than $1 Billion in Unpaid Rent, Survey Finds State was earmarked for $1.3 billion in rental assistance in last month's federal Covid-19 relief package Hundreds of thousands of renters may miss rent payments for May as the coronavirus crisis enters its third month in the U.S. For smaller landlords, that means facing their own financial crisis. WSJ's Jason Bellini reports. Photo: Fadhila Hussein (Originally Published April 30, 2020) By Will Parker Close Will Parker * Biography * @_willparker_ * will.parker@wsj.com Jan. 14, 2021 6:00 am ET New York City apartment tenants are more than $1 billion in debt from missed rent payments during the coronavirus pandemic, according to a new survey measuring the depth of the rent crisis brought on by Covid-19. The debt figure is the most recent indicator that unemployment benefits and federal stimulus packages have so far been inadequate to alleviate the growing financial burden of missed rent payments across thousands of city households. Both landlord and tenant advocacy groups have lobbied heavily for more government rental assistance during the pandemic. The survey, conducted by the Community Housing Improvement Program, a landlord trade group, focused on New York buildings subject to the city's rent-regulation laws. These apartments account for about half of the city's total rental apartments. Tallying responses from landlords, the group estimated that as many as 185,000 households living in these apartments are more than two months behind on rent, with an average debt of more than $6,000. Jay Martin, executive director of CHIP, said rent debt from the rest of New York's apartment inventory is probably the same or greater, meaning the total debt New York City renters are carrying is likely more than $2 billion. "It's not an insurmountable amount," Mr. Martin said. "The numbers tell us that, probably, if we could get an additional billion or two dollars in the city, we could probably pay off every single renter's arrears in the entire city of New York over the last year of the crisis." 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