Thread by @dianeyentel

🚨Final deal!

✅ $4 billion in Emergency Solutions Grants to assist homeless shelters and outreach workers keep people who are homeless safer from coronavirus.

✅ $5B in CDBG, can be used for rental assistance

✅ Public Housing: $685M

(Thread)

✅ $1.25B in tenant based rental assistance (TBRA)

✅ $1B in PBRA

✅ $300m in tribal housing grants

✅ $120m for 202, 811, HOPWA

✅ $2.5m for fair housing.

✅ an additional $30B in Disaster Relief Funds that can supplement some ESG and CDBG uses

Many more important details - on waivers, funding flexibility, etc, to come. Stay tuned.

✅ $150B in flexible funds for state/local government that can be used for, among other things, rental assistance or other housing/community development needs related to coronavirus.

And.....

A limited EVICTION MORATORIUM

Not for every renter (yet) - but for many.

Covered renters: subsidized tenants (including LIHTC) & renters in properties (single or MF) backed by fed loans (Fannie/Freddie/USDA/FHA/VA)

Let’s get this enacted ASAP!

Ok, with final bill text released, I can share more important details on what’s in the bill and when/how $ will get to communities.

MORATORIUMS:
60 day moratorium on foreclosures for federally-backed mortgages by HUD, USDA, FHA, VA, Fannie, Freddie.

A borrower with a federally-backed mortgage experiencing a financial hardship due to coronavirus can also request a forbearance for up to 60 days, which can be extended for another 120 days at the request of the borrower.

Multifamily housing owners with a federally-backed mortgage can request forbearance for up to 30 days, which can be extended by another 60 days at the request of the borrower, on the condition that they agree not to evict tenants or charge tenants late fees.

The bill provides moratorium on evictions for most residents of federally subsidized apartments, including HUD, USDA or Treasury (LIHTC), AND a moratorium on filings for evictions for renters in homes covered by federally-backed mortgages.

EMERGENCY SOLUTIONS GRANTS

$4 billion to help prevent a coronavirus outbreak among sheltered and unsheltered people experiencing homelessness. Funds can also be used for eviction prevention assistance, including rapid rehousing.

up to $2 billion must be distributed w/i 30 days according to FY20 allocations. Another $2B will be distributed to communities with the greatest needs, based on new criteria set by SOHUD.

New criteria can include risk of transmission, rates and numbers of unsheltered and sheltered homeless populations, and economic and housing market conditions. There are no match requirements for any of the new ESG $.

These ESG funds can be used for temp shelters, waiving federal habitability & environmental review standards. Funds may also be used to cover staff costs, training, and hazard pay. ESG $ that’s been previously allocated can also be used for these purposes.

Important: none of these funds can be used to require people experiencing homelessness to receive treatment or perform any prerequisite activities as a condition for receiving shelter, housing, or other services. Let’s call this one the “Marbut clause.” 😉

COMMUNITY DEVELOPMENT BLOCK GRANTS

$5B in CDBG funds. $2B will be allocated to states/locals under the FY20 formula. Another $1B will go to states & areas based on public health needs, risk of transmission, # of cases, economic/housing market disruptions.

The remaining $2B will be allocated to states and units of local government based on prevalence and risk of COVID-19 and related economic and housing disruption. SOHUD can use waiver authority to allow these $ for rental assistance.

Our full analysis on these & other housing/homelessness/related provisions: bit.ly/2yaBqHx

Vote in Senate tonight, House tomorrow, could be signed by POTUS tomorrow or Friday.

Then we get to work getting $$ out quickly to communities in need.