A Memphis three bedroom used to draw five applications. It draws fifteen now and fewer of them can document the income. When a voucher tenant loses hours the authority recertifies and covers more of the rent. My number doesn't move. The market rate doors are where I find out.
Much of the hard labor data has been fine and even improving. But the % of people who say that it's hard to get a job right now has hit its highest level since early 2021

Sep 29, 2026 · 3:54 PM UTC

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The recertification is not automatic. The tenant has to report the change and the authority has to process it, and in Memphis that runs sixty to ninety days. In between they owe a portion they can't pay, and I'm deciding whether to carry it or start a file.
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