Fed measures COVID-19 impact on housing payments in region, R.I.

OVER 1 IN 10 New England homeowners and more than 1 in 3 renters would have been at risk to miss home payments without the federal assistance included in the CARES Act, according to the Federal Reserve Bank of Boston. / COURTESY FEDERAL RESERVE BANK OF BOSTON
PROVIDENCE – A new report from the Federal Reserve Bank of Boston found that without the intervention of the Coronavirus Aid, Relief, and Economic Security Act, 12.9% of homeowners in Rhode Island were at risk of missing their monthly housing payments, higher than the New England rate of 10.9%. The report measured at-risk jobs, the…

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