Biden Plan Includes Additional Rental Assistance, Eviction Moratorium Extension
In a speech last night, President-Elect Joe Biden announced his plan for $2 trillion in additional COVID-19 relief, including $30 billion in rental assistance. He also said he intends to take action next week to extend the federal eviction moratorium through September.
The overall package focuses on three main areas: stopping the virus, direct relief to Americans, and assistance for communities. President-Elect Biden is also expected to release a stimulus plan that include infrastructure investments in the coming weeks.
Details are not clear on how the additional rental assistance would be funded, but it would be on top of the $25 billion that was approved last month. In his speech, Biden emphasized the importance of housing in controlling the virus and said that mass evictions would directly lead to spread.
Biden staff is working on legislative language that would outline the details of the plan, including housing provisions. NAHRO will provide a full analysis of the proposal once it is available.
The proposal may face serious roadblocks in Congress, particularly in the Senate.