CUNA backs 4 bills to help keep Americans in homes

June 10, 2020

CUNA wrote in support of several housing assistance bills Wednesday as the House Financial Services subcommittee on housing, community development and insurance conducted a hearing on pandemic-related evictions.

“Millions of renters and homeowners are at risk because of the pandemic. We know this because many of them are credit union members. It is imperative to ensure that they can stay in their homes as the economy recovers,” the letter reads. “We must also take into account that all stakeholders throughout the mortgage and rental pipelines are supported as well.”

CUNA’s letter supports the following bills:

  • Emergency Rental Assistance and Rental Market Stabilization Act of 2020 (H.R. 6820), which would establish a $100 billion emergency rental assistance program that is direct to the states;
  • Protect Rural Renters Act of 2020 (H.R. 6376), which would authorize $700 million for the U.S. Department of Agriculture’s rental assistance program which provides assistance to more than 270,000 households;
  • Emergency Housing Assistance for Older Adults Act of 2020 (H.R. 6873), which would authorize $1.2 billion for the Supportive Housing for the Elderly program; and
  • Emergency Housing Voucher Act of 2020 (H.R. 7084), which would authorize $10 billion in vouchers for individuals experiencing the risk of homelessness and survivors of domestic violence.

CUNA opposes two proposals, H.R. 6741 and H.R. 6423, that it believes would have negative overall impacts on recovery efforts.