Rental Assistance With New Stimulus Package

The new stimulus package also provides 25 billion in financial assistance that households will be able to use to pay past due rent future rent and utility bills or other housing expenses.

Rental assistance with new stimulus package. What you should know about rental assistance in the new stimulus bill stimulus package jan 04 2021 among the provisions in the 900 billion historic pandemic relief bill is billions of dollars in rental assistance which will provide much needed support to the nearly 20 million americans who are behind on rent equal to the entire population of the state of florida. Congress is set to pass the long awaited second stimulus and covid 19 relief package. New stimulus bill includes 25 billion in rental assistance.

On sunday night president donald trump signed a 900 billion covid relief package that authorizes rental assistance stimulus checks to individuals for 600 loans for struggling small businesses and more. Lawmakers recently passed a relief package that includes funding for rental assistance. Rental assistance stimulus checks are on the way.

This time the bill includes 25 billion in funding for rental assistance to help support landlords and tenants. The new measure comes as an estimated 12 million renters will owe 6 000 or more in back rent and utilities by the end of the year. Any funds you receive.

Some states like new york and california already have established emergency rental assistance programs. Stimulus package extends eviction ban offers rental assistance the stimulus package passed by congress late monday includes an extension of a national eviction ban through jan. The 1 200 checks sent earlier.

Other states like alabama and missouri will have to set them up which takes time she says. While the deal does include 600 stimulus checks the rental assistance package and eviction moratorium is likely the biggest headline for the real estate industry. If you qualify for rental assistance you may be eligible for up to 12 months worth of back rent and utilities plus another three months worth if there s money left over.