By Julia Falcon | Housing Wire
The HEROES Act, a bill introduced and passed by House Speaker Nancy Pelosi (D-CA) in May, could be signed this week, offering homeowners and renters much-needed relief in light of the COVID-19 pandemic.
On the other hand is the Health, Economic Assistance, Liability Protection and Schools Act, aka HEALS Act, proposed by Sen. Mitch McConnell (R-KY) on Monday, which offers significantly less help for homeowners and renters.
The HEROES Act contains $200 billion of additional funding to consumers, including assistance making mortgage and rent payments.
