COVID-19
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Additional Information
Lawmakers Signal Stimulus Bill Passes
Key Takeaways:
$2 trillion bill aimed at shoring up economy nearing agreement
The bill will likely provide up to $850 billion in loans to small business and vulnerable industries
The proposal also includes cash payments up to $1,200 for individuals, $200 billion in expanded unemployment benefits, and $250 billion for hospitals.
Evictions and Foreclosures Suspended in Certain Places
Key Takeaways:
Freeze on evictions and foreclosures implemented through the end of April for approximately 8 million FHA-insured mortgages
HUD encourages apartment owners to work with tenants to adjust rent and enter forbearance
New York, Los Angeles, San Francisco, and Washington state have enacted prohibitions against tenant evictions or are declining to enforce existing laws.