Multifamily firms find new US Stimulus too little, but not too late

The latest round of federal pandemic relief includes several provisions that could provide a needed boost to multifamily owners and renters, but it remains to be seen if the array of tools will be enough to offset losses or reverse the creeping trends of rising vacancies and falling rents. This week, Congress passed a $900 billion stimulus bill that will include a $25 billion Emergency Rental Assistance fund, 90 percent of which will be used to settle rental and utility arrears.