The weight of the pandemic is hanging around millions of renters' necks.

"California’s back rent is projected to reach nearly $1.7 billion by the end of the year, or almost a fourth of the total rental debt nationwide," according to a new report by the Federal Reserve bank of Philadelphia, cited in an article by Jeff Collins.
"In all, nearly 240,000 renter households in the state have fallen behind on rent, with an average debt of $6,953 per household, the study by the Federal Reserve Bank of Philadelphia found."
The report includes findings for the rest of the nation as well. In the entire country, rent debt is project to hit the eyepopping figure of $7.2 billion. "The Philadelphia Fed determined 1.34 million American households will owe an average of $5,400 apiece in unpaid rent," explains Collins.
An article by Davin Reed and Eileen Divringi wrote an article for the Federal Reserve in October to provide insight into the report's findings.
FULL STORY: Back rent in California nearing $1.7 billion, Fed study finds

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.

Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.

LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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