House passes new coronavirus relief bill for renters and homeowners - Business Insider

"Some people hearing about this bill won't understand what we are trying to do in this bill today," Waters said. "This was part of the HEROES Act that passed this House, but we have been waiting on the Senate to take up the HEROES Act. They are not taking it up, they don't seem to care, they don't seem to understand that there are people out there who are going to be evicted, and so we have pulled it out of the HEROES Act and we are taking it up independently.

"America was facing an affordable housing crisis before this pandemic hit," Waters added. "With so many families struggling as a result of the pandemic, we are now on the precipice of an eviction and homelessness crisis like we've never seen in our lifetimes." The bill allocates $100 billion towards emergency rental assistance, establishes a $75 billion fund for homeowners, and extends an eviction and foreclosure moratorium.House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer

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