After months of back-and-forth between lawmakers in Congress, an agreement was finally reached on Sunday night between Republicans and Democrats for the next COVID-19 relief stimulus bill. For the multifamily industry, the timing was crucial, coming weeks before two key measures expired: the federal eviction moratorium and additional unemployment insurance that was part of the CARES Act.
Late Monday evening, the $900 billion package was passed by Congress and sent to President Donald Trump for his signature. According to the Associated Press, the 5,593-page bill is the longest in history.
Read more...Relief Bill ‘Good for the Industry,’ Apartment Groups Say via Multi-Housing News