President Signs Omnibus, COVID Relief Package
On Sunday, President Trump signed the omnibus and COVID relief package passed by Congress last week into law. The sweeping legislative package provides at least level funding for all HUD programs throughout FY 2021, permanently authorizes the 4 percent Low Income Housing Tax Credit, and provides $25 billion in rent relief to struggling landlords and renters.
This package is the culmination of years of work by NAHRO and its members; the permanent authorization of the 4 percent Low Income Housing Tax Credit has been a priority for NAHRO. Additionally, NAHRO members have pushed for rent relief and full-year appropriations for HUD throughout the year. NAHRO thanks its members for their hard work to make this monumental package possible.
NAHRO’s in-depth analysis of the omnibus can be found below: