The Colorado Apartment Association reported more than 95 percent of rent has been collected successfully statewide in August. This is an increase from the previous month and only slightly below last year's collection rate for the same time.
The association reported that evictions also remained low in the state. Last month, 1,598 evictions were filed statewide, 49 percent of the average filings for the month. More than 1,600 evictions were filed through Sept. 20 which is 63 percent of a typical September.
The eviction filings this month came after an unprecedented Centers for Disease Control and Prevention order that banned evictions through 2021 for qualified renters. A preliminary analysis by the Eviction Lab, a national eviction think tank at Princeton University, found that the CDC order reduced evictions nationwide in September.
"Low eviction filings and strong rent collections tells us Coloradans are continuing to make rent payments a priority in a trying time," Mark Williams, executive vice president of CAA, said in a news release.
"Our members, who represent 75 percent of the rental properties in the state, are helping residents and housing providers take advantage of payment options and use resources such as the state's [Emergency Housing Assistance Program] and [Property Owner Preservation Program] for relief following COVID-19 impacts. It's inspiring to see strong, collective efforts to keep Colorado's residents in their homes and housing ecosystem working as it should."
For more information about state assistance visit: cdola.colorado.gov/rental-assistance.