House of Representatives Tag Archives

AHCIA Introduced in House, Senate

The bill retains most of the provisions from the version that was introduced in the 116th Congress, with two notable exceptions in the bond arena. The minimum four percent rate floor has been removed since it was passed into law in the 2020 year-end bill. The new version of the bill lowers the 50 percent bond-financing threshold to 25 percent.

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Congress Inches Closer to Bipartisan COVID-19 Aid Package Containing $25 Billion in Rental Assistance

The $748 billion aid package is widely seen as the one that will advance; it contains $25 billion in rental assistance and extends the CDC eviction moratorium through January 31, 2020. Any one individual household is eligible to receive up to 18 months of assistance for arrearages and future rent payments. Importantly, landlords and owners may apply on behalf of tenants. Thank you to the many NH&RA members that contributed to the development of the NH&RA’s COVID-19 housing assistance advocacy letter, several of the asks in that letter are included in the legislative text!

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House Democrats Introduce Updated Heroes Act

On September 29, House Democrats released a scaled down COVID-19 relief proposal, calling it an updated Heroes Act, with a price tag of $2.2 trillion. The bill is nearly $1 trillion less than the earlier version and includes new relief for the airline, restaurant and other hardest-hit industries, as well as additional funds to support education and childcare. Despite the lower price tag, negotiations between the House, White House and Senate are not progressing, and it seems unlikely that they will reach agreement to enact further large-scale relief before the election.

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