Across the country, millions of Americans are struggling to keep a roof over their head. Here’s a breakdown of how the American Rescue Plan will help:
The American Rescue Plan provides more than $21.5 billion in emergency rental assistance to help millions of families keep up on their rent and remain in their homes.
The bill includes $10 billion to help homeowners behind on their mortgage and utility payments — helping avoid foreclosures.
It provides $5 billion for emergency housing vouchers for people experiencing or at risk of homelessness — as well as $5 billion for the HOME Investment Partnerships Program to help create housing and services for people experiencing or at risk of homelessness.
The bill includes $750 million in support for Native Americans and Native Hawaiians to help reduce housing-related health risks during the pandemic.
It provides help for rural communities with $100 million in rental assistance through the USDA — and $39 million for USDA Section 502 and 504 home loans to help low and very-low income borrowers purchase, repair, and rehabilitate housing in rural areas.
Altogether, the American Rescue Plan provides over $40 billion in relief to help Americans keep a roof over their head during the pandemic. Help is here.
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