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COVID-19 Housing Support: Counseling and Foreclosure Prevention

This act allocates $700 million for housing assistance to individuals affected by the COVID-19 pandemic. These funds aim to help homeowners and renters manage financial hardships, prevent home loss, and ensure access to housing counseling. The goal is to support citizens in maintaining housing stability during a challenging period.
Key points
Provides $700 million for housing counseling services for those impacted by COVID-19.
Supports homeowners and renters in avoiding delinquencies and home loss.
Prioritizes counseling services for minority and low-income individuals.
Funds public education, direct counseling services, equipment, technology, and training.
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Additional Information
Coronavirus Housing Counseling Improvement Act
Print number: S 404
Sponsor: Sen. Menendez, Robert [D-NJ]
Process start date: 2021-02-24