Housing

Updated April 19, 2021

Rent Relief

Treasury Department — A $25 billion Emergency Rental Assistance program made funds available to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds were directly to States, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs. Treasury issued revised FAQs on February 22. Access NLIHC FAQs too.

Federal Housing Finance Agency — The  $1.09 billion for affordable housing funds, Fannie Mae and Freddie Mac's affordable housing allocations for 2020. This is the largest amount ever disbursed and more than double what was provided last year. Of the funds, $711 million will go to HUD for the Housing Trust Fund and $383 million will go to the Department of the Treasury for the Capital Magnet Fund. 

Eviction Moratoriums

Centers for Disease Control and Prevention — The CDC extended their national moratorium June 30, 2021.  

Consumer Financial Protection Bureau — Expanded eviction protections for tenants take effect May 3.

The Consumer Financial Protection Bureau (CFPB) issued an interim final rule on April 19, ramping up sanctions for violations of the CDC eviction moratorium. The rule clarifies that tenants can sue debt collectors who evict them in violation of the moratorium and provides for such debt collectors’ federal prosecution. The rule also requires debt collectors to notify residents of their rights under the CDC moratorium when serving an eviction notice. 

Additional resources:

Foreclosure Prevention / Mortgage Relief

The White House announced a coordinated extension and expansion of forbearance and foreclosure relief programs by HUD, the VA and USDA. The actions will:

  • Extend the foreclosure moratorium for homeowners through June 30, 2021;
  • Extend the mortgage payment forbearance enrollment window until June 30, 2021 for borrowers who wish to request more time to pay their debt;
  • Provide up to six months of additional mortgage payment forbearance, in three-month increments, for borrowers who entered forbearance on or before June 30, 2020. 

Federal Housing Finance Agency — The FHFA extended multifamily forbearance through June 30. Multifamily property owners entering into a new or modified forbearance must offer tenant protections. 

Additional resources:

For Multifamily Housing, access information HUD, Fannie Mae, Freddie Mac, the National Multifamily Housing Council , and the National Housing Conference.