ABSTRACT

Housing Funding in the American Rescue Plan Act of 2021 [Updated May 13, 2021]   [open pdf - 701KB]

From the Document: "According to Census data from late February 2021, nearly 19% of renters [hyperlink] and more than 10% of homeowners with a mortgage [hyperlink] reported having fallen behind in their housing payments during the Coronavirus Disease 2019 (COVID-19) pandemic. In response, the American Rescue Plan Act of 2021 (ARPA; P.L. 117-2), enacted in mid-March 2021, included nearly $43 billion in mandatory funding for housing-related programs intended to assist people experiencing housing instability and homelessness. (In addition to funding housing programs, ARPA provided cash to individuals [e.g., individual relief payments, refundable tax credits, and enhanced unemployment benefits] that may also help families pay their housing costs.) [...] This Insight includes a funding table followed by a list of each program funded and a brief description of how funds can be used."

Report Number:
CRS Insight, IN11641
Author:
Publisher:
Date:
2021-05-13
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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