Real Estate

Congress approves $25 billion in rental assistance. Here’s how to apply

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In the stimulus package signed into law last month, the national ban on evictions was extended through January and a $25 billion pot of money was established for renters struggling amid the health and economic crisis.

That money will help to keep many of the 14 million Americans who are behind on their rent in their homes during the coldest months of the year and while a pandemic rages. Still, housing advocates say more money is needed. By one estimate, after 10 months of record job losses and business shutdowns, rental arrears in the U.S. may be closer to $70 billion.

“While this is a critical start, these provisions will not end the eviction crisis and will not help all renters who…



Source cnbc.com

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