By Suzanne Brown
On December 27, 2020, the President signed into law, H.R. 133 – the Consolidated Appropriations Act 2021 which authorizes the newest coronavirus relief bill.
This nearly $900 billion package includes:
- A new round of direct stimulus payments of $600 to most Americans and their dependents (check the Status of Your Economic Impact Payments)
- Extends the Pandemic Unemployment Assistance (PUA) program through April 19, 2021, with a $300 weekly payment boost through March 14th
- Unemployment benefits continue to be extended to the self-employed/independent contractors
- Provides an additional $284 billion for Paycheck Protection Program (PPP) loans and $20 billion for Economic Injury Disaster Loans (EIDL) grants
- Allows eligible businesses to receive a second PPP loan
- Provides $25 billion to the states through September 30, 2022, for rental assistance which allows landlords to apply for funds on behalf of tenants.
Other provisions included several tax extenders, $7 billion for broadband internet access, $49.6 billion for HUD’s budget, a one-year extension of available Coronavirus Relief Funds to states and localities, and an extension of the CDC Eviction Moratorium through January 31, 2021.
For a more in-depth summary of everything included in the relief package, you can go to NAR’s Federal Advocacy Responses to COVID-19 resource page.
Related:
SBA Re-Opening Paycheck Protection Program (Jan. 8, 2021)
IRS Begins Round Two of Economic Impact Payments (Dec. 29, 2020)