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COVID-19 Stimulus Passes (CARES Act)

COVID-19 Stimulus Passes (CARES Act)

On Friday afternoon, the House passed CARES (Coronavirus Aid, Relief, and Economic Security Act) the $2 trillion COVID-19 aid package, sending it to the President, who then signed the bill in the evening. 

The bill provides more than $12 billion in funding to HUD for housing and homelessness programs, including: 

  • $4 billion for Emergency Solutions Grants (ESG) for homelessness assistance 
  • $5 billion in Community Development Block Grants (CDBG)
  • $1.25 billion for the Housing Choice Voucher (HCV) program
  • $1 billion for project-based rental assistance
  • $685 million for public housing
  • $300 million for tribal nations
  • $65 million for Housing for Persons with AIDS (HOPWA) 
  • $50 million for Section 202 Housing for the Elderly
  • $15 million for Section 811 Housing for Persons with Disabilities

The bill also institutes a much-needed temporary moratorium on evictions and foreclosures for homeowners and renters in federally subsidized apartments and homes with federally backed mortgages. Please see NLIHC’s detailed analysis of the bill’s housing provisions.

At this time, guidance has not been released on how these funds will be distributed. We will have more detailed information on what is coming next on tomorrow’s call and in this week’s Housing Matters newsletter.

Housing Call Reminder

Don’t forget to join us for our next Housing Call tomorrow, March 31 at 9:30am. While our community updates form remains open, we encourage you to send any news, concerns, and updates related to COVID-19 to our COVID-19 Community Updates Form.

Checking In on Local Impacts

The Coalition is hosting on-going Local Check-In calls to discuss the impacts you are seeing in your community, answer questions, and share information. Please visit this link to sign-up for a call.

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COVID-19 Update: Major Disaster Declaration & Stimulus Passes Senate

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