Our economy is in a deep, deep, deep hole, Sen. Chuck Schumer (D-NY) said on the Senate floor Sunday night. A lot more needs to be done.
Congress is expected to vote on the bill on Monday. Lawmakers are also still debating a second stimulus bill that includes liability protections for businesses and funding for states and local governments.
Here are some of the biggest provisions included in the new relief bill:
Unemployment insurance
One of the largest provisions in the bill is funds for enhanced unemployment insurance (UI). Those accessing jobless benefits through the Pandemic Unemployment Assistance (PUA) program and the long-term unemployed accessing Pandemic Emergency Unemployment Compensation benefits now qualify for 11 additional weeks of payments through March 14, 2021, for a total of 50 weeks.
Our economy is in a deep, deep, deep hole, Sen. Chuck Schumer (D-NY) said on the Senate floor Sunday night. A lot more needs to be done.
Congress is expected to vote on the bill on Monday. Lawmakers are also still debating a second stimulus bill that includes liability protections for businesses and funding for states and local governments.
Here are some of the biggest provisions included in the new relief bill:
Unemployment insurance
One of the largest provisions in the bill is funds for enhanced unemployment insurance (UI). Those accessing jobless benefits through the Pandemic Unemployment Assistance (PUA) program and the long-term unemployed accessing Pandemic Emergency Unemployment Compensation benefits now qualify for 11 additional weeks of payments through March 14, 2021, for a total of 50 weeks.
Our economy is in a deep, deep, deep hole, Sen. Chuck Schumer (D-NY) said on the Senate floor Sunday night. A lot more needs to be done.
Congress is expected to vote on the bill on Monday. Lawmakers are also still debating a second stimulus bill that includes liability protections for businesses and funding for states and local governments.
Here are some of the biggest provisions included in the new relief bill:
Unemployment insurance
One of the largest provisions in the bill is funds for enhanced unemployment insurance (UI). Those accessing jobless benefits through the Pandemic Unemployment Assistance (PUA) program and the long-term unemployed accessing Pandemic Emergency Unemployment Compensation benefits now qualify for 11 additional weeks of payments through March 14, 2021, for a total of 50 weeks.
We have to do whatever it takes to keep people housed, Waters says. Plus, more rental relief also benefits the mom and pop landlords who still have to pay their mortgages.
At the beginning of December, around 12.4 million adult renters reported that they are behind on their rent payments, according to the Center on Budget and Policy Priorities (CBPP), highlighting the need for aid.
How the rental relief will work
The $25 billion in rental assistance will be funded through the Coronavirus Relief Fund (CRF) and administered by the U.S. Department of the Treasury. Once the funds are dispersed to states, tenants will apply for aid through state or local relief organizations.
Research conducted by PSL found that in the Columbia area, roughly 5,000 people sleep on the streets every night. We re talking thousands of thousands of dollars. How people are going to handle that is very concerning because we know they won t be able to. So then what happens? said Mutual Aid Midlands volunteer, Deborah Billings. If we don t have a plan in place and funding starting right now, we are going to have such a crisis on our hands.
Mutual Aid Midlands helped 14 residents facing a rental or eviction crisis this year. They also helped 20 households pay utility bills.
According to the National Low Income Housing Coalition (NLIHC), South Carolina has one of the highest numbers of unpaid mortgages and rent in the U.S.