Congress approves $25 billion in rental assistance. Here’s how to apply

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In the stimulus package signed into law last month, the national ban on evictions was extended through January and a $25 billion pot of money was established for renters struggling amid the health and economic crisis.



That money will help to keep many of the 14 million Americans who are behind on their rent in their homes during the coldest months of the year and while a pandemic rages. Still, housing advocates say more money is needed. By one estimate, after 10 months of record job losses and U.S. may be closer to $70 billion.



“While this is a critical start, these provisions will not end the eviction crisis and will not help all renters who desperately need rental assistance to protect their families from harm,” said Emily Benfer, a visiting law professor at Wake Forest University.



Now that Democrats are in control of Congress, additional relief measures for renters stand a better chance of materializing. Democrats in May had called for $100 billion in housing assistance and a 12-month eviction moratorium but ultimately scaled back their demands in negotiations with Republicans.



For now, here’s what you need to know about accessing the $25 billion fund.





https://www.cnbc.com/2021/01/07/congress-approves-25-billion-in-rental-assistance-heres-how-to-apply-.html?&qsearchterm=congress%20approves%2025%20billion

Comments(1)

  • 336_bryan9th January, 2021

    I'd like some free rent money.

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