Congress Passes $900B COVID Stimulus Package and Government Funding Bill

Industry News,
Late on December 21, Congress passed the Consolidated Appropriations Act of 2021, the first coronavirus relief package since the July expiration of many critical relief efforts. The $900B COVID relief package addresses dozens of issues of which some include: Extending the CDC’s eviction moratorium through Jan. 31, 2021, $25 billion in rent and utility assistance for qualifying households paid directly to housing providers, stimulus checks of up to $600 for individuals earning $75,000 per year and married couples who earn up to $150,000, and an additional $600 for each dependent under 18 living in the same household, unemployment insurance and federal unemployment insurance at $300 per week through March 14, 2021, $325 billion in small business relief, including $284 billion in forgivable loans for small businesses through the Paycheck Protection Program.
There is uncertainty as to whether President Trump will sign the bill. Whatever happens has to happen before midnight on January 3 or we have to start over again in the 117th Congress. We will continue to keep you informed of this very important matter.

Please read this FAQ for more detailed information on the eviction moratorium and rental assistance.