Originally Published on affordablehousingonline.com
On March 27th, 2020 President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the CARES Act. The bipartisan legislation passed 96-0 in the Senate on March 25th and was passed by the House of Representatives by voice vote shortly before being signed by the President.
The CARES Act is the third piece of legislation enacted by the federal government in response to the coronavirus pandemic and includes provisions that directly affect American households. Most popular is the authorization of direct payments to Americans to help cover household costs and boost the struggling economy. Advocates hope a sweeping expansion of unemployment insurance is enough to help working families in an economy that saw over 3 million new unemployment claims in the days leading up to the passage of this legislation.
Affordable Housing Online will continue monitoring the state’s and federal government’s response to the COVID-19 outbreak and maintain a list of resources to help low income households navigate critical services during this unprecedented time.
