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Housing Stabilization Fund: Aid for Homelessness Prevention

This act establishes a Housing Stabilization Fund to provide emergency housing assistance to extremely low-income renters and homeowners. The fund aims to prevent homelessness by offering short-term financial support for housing-related obligations like rent, mortgage payments, and utilities. This means citizens at risk of losing their homes can receive crucial aid to maintain their housing.
Key points
Establishes a Housing Stabilization Fund to provide grants for emergency housing assistance.
Financial aid covers rent, mortgage payments, utility bills, and minor housing repairs.
Support is for extremely low-income families facing housing payment difficulties due to financial hardship, health crises, or unexpected expenses.
The fund can also cover costs for supportive services like housing counseling, legal aid for eviction, and mental health support.
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Additional Information
Print number: 117_HR_6453
Sponsor: Rep. Lieu, Ted [D-CA-33]
Process start date: 2022-01-20