Stimulus Package Update Rental Assistance

The new stimulus bill includes 25b in rental assistance.

Stimulus package update rental assistance. 4 and it was set to expire on. Small biz help what s in the stimulus package for small businesses ppp loans and cultural grants. Another moratorium in the law would prohibit evictions of most residents of federally subsidized apartments.

The third stimulus package the cares act included new moratoria on evictions of renters. A moratorium has been imposed on filings for evictions for renters in homes covered by federally backed mortgages for 120 days after enactment. Here s what you need to know.

Stimulus package extends eviction ban offers rental assistance the coronavirus relief package approved by congress extends the cdc s eviction moratorium through january. An estimated 38 percent of nar s 1 4 million. 27 features 25 billion for rental assistance including 800 million reserved for native american housing entities.

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. The national association of realtors has been one of many voices long advocating for the inclusion of rental assistance in any stimulus package. Nahb worked with lawmakers to include a robust rental relief component in the new economic stimulus legislation that will allow landlords to request rental assistance on behalf of their tenants the package includes 25 billion for rental assistance covering rent utilities and arrears through an.

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 cdc implemented its eviction moratorium on sept. Jon tester s office the 800 million will go to tribes and tribally designated housing authorities for emergency rental assistance to families and individuals struggling to pay their.