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HEROES vs HEALS Act and what they would mean for housing

Posted by   /  July 31, 2020  /  No Comments

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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.

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