Affordable apartments could suffer 50% hit to bottom line: Fitch

A ratings agency predicts as much as a 50 percent hit to landlords’ bottom line at unsubsidized affordable apartments, which may lead to evictions when federal moratoriums expire. Fitch Ratings predicts “full, on-time rental payments” for affordable properties subsidized by the government, which includes federal rental voucher programs such as Section 8. But properties that don’t receive subsidies could see a total discount to their debt service coverage ratio of as much as 40 to

source https://therealdeal.com/2020/10/15/affordable-apartments-could-suffer-50-hit-to-bottom-line-fitch/