HR 6515 116th Congress House Housing and Community Development Cardiovascular and respiratory health Child care and development Civil actions and liability Consumer credit Emergency medical services and trauma care Financial literacy Health care coverage and access Homelessness and emergency shelter Housing and community development funding Housing finance and home ownership Housing supply and affordability Infectious and parasitic diseases Landlord and tenant Residential rehabilitation and home repair

Rent and Mortgage Cancellation Act of 2020

Introduced: April 17, 2020 Introduced by: Omar, Ilhan Democratic · Minnesota See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 17, 2020

Referred to the House Committee on Financial Services.

Apr 17, 2020

Introduced in House

Plain-English summary Congressional Research Service

Rent and Mortgage Cancellation Act of 2020

This bill provides housing assistance during the COVID-19 (i.e., coronavirus disease 2019) public health emergency.

Specifically, the bill suspends rental and mortgage payments for primary residences for a period lasting until 30 days after the termination of the federal emergency declaration relating to COVID-19. The Department of Housing and Urban Development (HUD) must establish funds to reimburse lessors and lenders for payments suspended under the bill.

In addition, HUD must establish an Affordable Housing Acquisition Fund to support the acquisition of multifamily housing projects by nonprofit organizations, public housing agencies, cooperative housing associations, community land trusts, and state and local governments. For a five-year period, entities that are approved for such assistance shall be provided the first right of purchase with respect to such projects.

What's happening now April 17, 2020

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1