NC to get $700M in rent aid under new federal stimulus. Where will the money go? Ben Sessoms, The News & Observer (Raleigh, N.C.)
Dec. 22 North Carolina could get nearly $700 million from the $25 billion in rental assistance included in the new COVID-19 relief bill that congressional leaders agreed on over the weekend.
The National Low Income Housing Coalition, a national nonprofit that advocates for more affordable housing, estimated how much money will go to each state and U.S. territory.
Part of the estimated $700 million will go to cities in the state with 200,000 or more people. The rest will go to the state government to disburse to more rural parts of North Carolina.
Another dose of relief is finally on the way for the millions of Americans facing financial distress because of the coronavirus pandemic.
Congress on Monday night passed an economic relief package that will provide a round of $600 stimulus payments to most Americans and partly restore the enhanced federal unemployment benefit, offering $300 for 11 weeks. The agreement also contains provisions related to student loans, rental assistance and medical bills.
The legislation, which is 5,600 pages long, would provide welcome, albeit temporary, assistance to many. How quickly the money reaches your pocket will depend on several factors, though.
Hereâs a closer look at what the legislative package will mean for you. This article will be updated as more details from the measure become available.
2nd stimulus deal helps but leaves some Arizonans out
Congress expected to pass Monday night, Trump to sign after.
and last updated 2020-12-22 00:28:36-05
Congress appears to be set to extend some badly needed pandemic relief benefits that are due to expire at the end of the year.
One of the biggest pieces of the legislation is an unemployment benefits extension.
Pandemic Unemployment Assistance (PUA) and other unemployment programs for workers who had exhausted benefits or would otherwise not qualify, would continue to be funded through March 14 under the legislation. Funding had been scheduled to expire on December 27. We were going to have in the neighborhood of 150,000, people who were going to lose their benefits, said Dave Wells, policy director of the Grand Canyon Institute. Home - Grand Canyon Institute
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The long-awaited stimulus package agreed on by lawmakers over the weekend will provide some relief for desperate Americans.
It also offers a temporary reprieve to millions of renters who could otherwise have faced evictions at the end of the year. The eviction moratorium has been extended until Jan. 31, 2021, and the compromise bill contains $25 billion in rental assistance. Back in September, an order from the Centers for Disease Control and Prevention halted evictions until the end of December for low-income households impacted by COVID-19.
Following months of gridlock, top lawmakers from both parties on Monday agreed on a new $900 billion relief package, ending a stalemate that began shortly after an earlier cash infusion back in April.
The deal includes downsized versions of many of the same provisions passed in the early days of the COVID-19 pandemic as well as an emergency $25 billion in rental assistance. The president must now sign the bill.
Diane Yentel | Photo credit: National Low Income Housing Coalition
The stimulus package part of a $2.5 trillion spending bill includes, among other protections, a one-month extension of the Centers for Disease Control’s eviction moratorium, a $600 stimulus check for qualifying individuals, expanded unemployment benefits that boost the state-led aid by $300 per week and more money for the Paycheck Protection Program.