December 22, 2020
National Multifamily Housing Council (NMHC) President Doug Bibby and National Apartment Association (NAA) President and CEO Bob Pinnegar recently jointly responded to the passage of the roughly $900 billion COVID relief package.
“For the better part of a year, NMHC and NAA have been at the forefront of calling on policymakers to pass legislation which includes rental assistance as well as a number of other key priorities,” said the duo in a joint statement. “While there remains much work to do in the coming weeks and months, this effort is clearly a step in the right direction and will come as welcome news for so many households facing financial distress.
The relief package includes $25 billion in dedicated rental assistance, $600 per American in direct stimulus checks, $300 per week in enhanced unemployment benefits through March and $284 billion for a second forgivable Paycheck Protection Program (PPP) loan.
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