Portion of PA CARES Act Funding Allocated to Housing & Homeless Assistance
Governor Wolf signed legislation allocating a portion of the federal CARES Act funding, which included a $175M allocation for a COVID-19 Relief Mortgage and Rental Assistance Program and an additional $10M for Homeless Assistance Grants.
The funds appropriated will support communities in preventing evictions for tenants, stabilizing landlord small businesses, and ensuring that adequate support is provided to those that were one paycheck away from homelessness.
Assistance is necessary because less than 1 in 3 renters have enough money set aside for a three-month emergency with too many households on the brink, living paycheck to paycheck. The need for rental assistance and other supports for low-income families has only grown since the onset of the pandemic.
Allocating funding for rental assistance will help tenants who are behind on rent, due to a COVID-19 related job loss, maintain their payments. And while there is an eviction moratorium in place until July 11, rent is still due, and the funding will help households avoid eviction once the moratorium is lifted.
The funding awarded through this legislation will also help landlords be certain they can meet their own financial and operational obligations. Additionally, the homeless assistance provided by this legislation will ensure that local communities can support households who end up seeking homeless shelter to quickly get back on their feet.
The federal government has provided resources to Pennsylvania. The state government, through these actions, recognizes the importance of housing is to our economic recovery.