Renters: Get Ready To Breathe Easier! Biden-⁠Harris Administration Announces New Actions For Affordable Rent And Protection

Renters: Get Ready To Breathe Easier! Biden-⁠Harris Administration Announces New Actions For Affordable Rent And Protection

The Biden-⁠Harris administration has announced a series of new actions to make renting more affordable and better protect tenants from eviction. This is great news for renters who have been struggling to make ends meet during the COVID-19 pandemic.

New Programs To Help Renters

The first of the new initiatives will provide rental assistance to households that have been impacted by the pandemic. This will include $21 billion in rental assistance funds, which will be distributed to states, local governments, territories, and tribes.

In addition, the administration is launching the Federal Home Loan Bank of Chicago’s Rental Assistance Program. This program will provide up to $500 million in grants to help renters pay their rent in areas that have been hard hit by the pandemic.

Housing Benefit Tax Credit

The administration is also introducing the Housing Benefit Tax Credit, which will provide up to $4,000 in assistance for renters with incomes below $100,000. This tax credit can be used to offset the cost of rent, utilities, and other housing-related expenses.

Eviction Moratorium

In order to protect renters from eviction, the Biden-⁠Harris administration is extending the federal eviction moratorium through March 2021. This will provide tenants with additional time to catch up on their rent and remain in their homes.

Fair Housing Laws

The administration is also reintroducing and strengthening the Fair Housing Laws. These laws protect tenants from discrimination based on race, color, national origin, religion, sex, familial status, and disability.

Rent Relief Programs

The Biden-⁠Harris administration is also launching rent relief programs in states and localities. These programs will provide financial assistance to low-income households who have been impacted by the pandemic.

HUD Programs For Renters

Finally, the administration is expanding the Department of Housing and Urban Development’s (HUD) programs to help renters. This includes the Section 8 Housing Choice Voucher Program, which provides rental assistance to low-income households.

Conclusion

The Biden-⁠Harris administration’s new initiatives to help renters are a welcome relief for many who have been struggling to make ends meet during the pandemic. These programs will help make renting more affordable and provide tenants with additional protection from eviction. With these new measures in place, renters can breathe a little easier knowing that they have access to the assistance they need.

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