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COVID-19 Homeowner Assistance Fund to Prevent Foreclosures

This Act establishes a nearly $10 billion fund to provide emergency assistance to homeowners across the United States facing financial hardship due to the coronavirus pandemic. The goal is to prevent mortgage delinquencies, defaults, foreclosures, loss of utilities, and displacement.
Key points
Provides funds for mortgage payments, reinstatement, property taxes, insurance, and utility costs.
Prioritizes assistance for homeowners with lower incomes.
Funds are distributed to states, territories, and tribes to administer aid programs.
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Additional Information
Print number: 117_HR_1710
Sponsor: Rep. Scott, David [D-GA-13]
Process start date: 2021-03-09