Stimulus Bill Rental Assistance Program

Posted dec 22 2020 u s.

Stimulus bill rental assistance program. Capitol christmas tree is seen at the u s. In terms of direct assistance with rent the cares act provided the department of housing and urban development hud with an additional 17 4 billion in funding. Keeping families in their homes the emergency rental assistance program makes available 25 billion to assist households that are unable to pay rent and utilities due to the covid 19 pandemic.

The funds are provided directly to states u s. The president had delayed signing the bill for several days after congress approved the relief package early last week. The bill which is expected to be voted on on monday provides 25 billion in emergency rental relief and a one month extension of the nationwide eviction moratorium through january 31 2021.

The legislation will not be considered on its own. 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. The new stimulus bill passed by congress includes 25 billion in rental relief for struggling tenants 2 6 billion of which is coming to california.

A complex pandemic stimulus bill compromise appears to offer relief for landlords even as congress extends a rental ban to jan. There is also a one month extension of the. The stimulus package includes 25 billion of rental assistance to protect vulnerable americans who are at risk of losing their home.

3685 would establish a 100 billion rental assistance fund to help low income households stay housed and avoid homelessness. The emergency rental assistance and rental market stabilization act h r. Covid stimulus bill features rental assistance 600 checks and funds for paycheck protection program updated dec 22 2020.