American Rescue Plan Act Passed

Yesterday the House of Representatives passed the final $1.9 trillion American Rescue Plan Act, following Senate approval of the bill on Saturday. In addition to comprehensive COVID-19 relief, including stimulus checks and extension of unemployment insurance, the legislation includes more than $42.5 billion in funding for affordable housing programs. The affordable housing resources in the bill include: 

• $27.4 billion for the Emergency Rental Assistance program;
• $5 billion for homelessness assistance and supportive services;
• $5 billion in emergency housing vouchers.

For a more detailed summary, click here.