of Acacia Apartments . “ The information and perspective of companies with 5,000 + units helped me to stay grounded and within the ' norms ' for our area . I learned that even those with more than $ 1,300 units have the same issues that we experience and have essentially the same solutions as we ' ve arrived at .”
Fighting for Rental Assistance , not Eviction Moratoria
Under the CARES Act , eviction filings were halted until July 25 , 2020 . Upon expiration , eviction filings across the state were only 34 % of the normal filings within the month of July and 23 % of August . Rental housing providers were choosing to work with residents , but the incorrect narrative on an eviction tsunami ahead only grew louder .
That ’ s when orders from the Center for Disease Control ( CDC ) put a halt on all evictions until the end of 2020 . Rental housing providers faced new and added problems presented by the CDC ’ s eviction moratorium : Residents not affected by COVID-19 stopped paying rent , residents breaking rules created disruptions for other neighbors , and a lack of rental payments affected property improvements , staff , vendors and overall operations .
rental assistance , instead of an eviction moratorium , was the better solution to the current rent debate .
Supporting Colorado ' s Rental Market
Throughout the chaotic year of housing disruptions and economic upheaval , rental housing providers pivoted and remained innovative to keep residents in their homes to the best extent possible while under the challenging circumstances . From April through December 2020 , Colorado ’ s rental housing ecosystem continued with high rent collection rates – all due to the tremendous solutions put forth by the rental housing industry and individual rental housing providers .
WEB EXTRA
One Year Later
And what a year it has been . CAA and the rental housing industry have fearlessly prevailed from the pandemic ’ s impacts and persevered in keeping as many Coloradans in their homes as possible .
In the one year since this global atrocity has come to life , it ’ s become blatantly obvious that the rental housing industry serves a role much larger than housing . Together , we are a resource for education , a voice for representation , and a network for communication benefitting all residents and rental housing providers in Colorado .
Nonetheless , CAA and Colorado ’ s rental housing industry prevailed . Through providing advocacy and educational messaging , the public and media started to see that rental housing providers were struggling too , and
Scan the QR code to view a video on AAMD ' s industry impact in 2020 . www . aamdhq . org MARCH 2021 TRENDS | 27