Fact Sheet: Housing Provisions in the American Rescue Plan Act of 2021
Summary
A fact sheet, Housing Provisions in the American Rescue Plan Act of 2021, describing provisions to be administered by HUD and other agencies. It opens by stating that 1 in 5 renters is behind on rent and just over 10 million homeowners are behind on mortgage payments. It lists provisions including more than $21.5 billion in emergency rental assistance, nearly $10 billion for the Homeowner Assistance Fund, $5 billion for emergency housing vouchers, $5 billion for the HOME Investment Partnerships Program, and $750 million for assistance for Native Americans and Native Hawaiians. It also lists $100 million for emergency assistance for rural housing, $100 million for housing counseling, $39 million for section 502 and 504 direct loan borrowers, and $20 million for the Fair Housing Initiatives Program.
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“Fact Sheet: Housing Provisions in the American Rescue Plan Act of 2021.”
Original at www.hud.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/w2-0059-www-hud-gov-sites-dfiles-main-documents-factsheet-housing-prov-ca120eed7f/
, SHA-256 6c32daaa0316fefd64b9476e217a2ea4a73a8258785f35116e1707bb08cef503.Full text
FACT SHEET:
Housing Provisions in the American Rescue Plan Act of 2021
COVID-19 has exacerbated our nation’s already severe housing affordability crisis. Today, 1 in 5 renters
is behind on rent and just over 10 million homeowners are behind on mortgage payments. People of
color face even greater hardship and are more likely to have deferred or missed payments, putting them
at greater risk of eviction and foreclosure. At the same time, our nation’s homelessness crisis has
worsened during the pandemic, as people experiencing homelessness are highly vulnerable to COVID-19
transmission, illness, and severity due to their use of congregate shelters and their high prevalence of
underlying health conditions.
The Biden-Harris Administration has made delivering housing relief a top priority. Recently, the
administration announced a coordinated extension and expansion of forbearance and foreclosure relief
programs, an important step towards building stronger and more equitable communities.
To bolster these efforts, Congress has passed the American Rescue Plan Act of 2021 to deliver more aid
to people struggling to pay their rent or mortgage. The American Rescue Plan Act of 2021 includes a
number of provisions, to be administered by HUD and other agencies, to provide immediate and direct
relief to help people across America remain stably housed during the pandemic.
Specifically, the American Rescue Plan Act of 2021 provides:
• Emergency rental assistance. The legislation provides more than $21.5 billion in emergency
rental assistance, to be administered by Treasury, to help millions of families keep up on their
rent and remain in their homes.
• Homeowner Assistance Fund. The legislation provides nearly $10 billion, to be administered by
Treasury, to help homeowners behind on their mortgage and utility payments and avoid
foreclosure and eviction.
• Emergency housing vouchers. The legislation provides $5 billion for emergency housing
vouchers for individuals and families who are experiencing homelessness or at risk of
homelessness.
• Homelessness assistance and supportive services program. The legislation provides $5 billion
for the HOME Investment Partnerships Program to help create housing and services for people
experiencing or at risk of homelessness.
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• Housing assistance and supportive services programs for Native Americans. The legislation
provides $750 million for assistance for Native Americans and Native Hawaiians, helping reduce
housing-related health risks during the pandemic.
• Emergency assistance for rural housing. The legislation provides $100 million, to be
administered by USDA, to help people in rural communities keep their homes during the
pandemic.
• Funds for housing counseling. The legislation provides $100 million, to be administered by
NeighborWorks, for grants to housing counseling providers to provide services to households
facing housing instability.
• Relief measures for section 502 and 504 direct loan borrowers. The legislation provides $39
million, to be administered by USDA, for USDA Section 502 and 504 home loans, which help low-
and very-low income borrowers purchase, repair, and rehabilitate housing in rural areas, while
helping existing borrowers who are struggling to afford housing.
• Funds for fair housing activities. The legislation provides $20 million for the Fair Housing
Initiatives Program to investigate fair housing complaints, strengthen enforcement, and assist
those who believe they have been victims of housing discrimination.
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