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House, Senate COVID-19 Relief Bills Would Create $100 Billion Emergency Rental Assistance Fund to Help Low-Income Households with Housing Costs

Friday, May 8, 2020 - 2:30PM

Legislation introduced today in Congress would create a $100 billion emergency rental assistance fund for low-income families affected by the COVID-19 pandemic. The Emergency Rental Assistance and Rental Market Stabilization Act was introduced by Reps. Maxine Waters, D-Calif., and Denny Heck, D-Wash., and by Sen. Sherrod Brown, D-Ohio, to help families and individuals pay rent, utility bills and remain housed during and after the COVID-19 pandemic. According to a fact sheet from the National Low-Income Housing Coalition, at least 40 percent of the funds would be for households with incomes of less than 30 percent of the area median income (AMI) and at least 70 percent would be for households with incomes less than 50 percent of the AMI.

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