NHC urges communication between property managers and residents as shutdown continues
As the federal government partial shutdown continues to drag on, multifamily housing owners across the country are feeling its impact and consumers are increasingly concerned that this unprecedented crisis of governing could literally impact their ability to remain in their homes. While the National Housing Conference (NHC) is not aware of anyone who has lost their home as a result of the shutdown yet, anxiety is high and multifamily property managers and owners are under increasing pressure as their reserves shrink. If the shutdown continues into February, the situation will deteriorate due to non-payments to owners of federally subsidized properties, as was noted in a comprehensive legal analysis written by the National Housing Law Project (NHLP) staff.