Key Housing Provisions in COVID-19 Relief Packages

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Update: On March 25, 2021, Congress extended the deadline to apply for the Paycheck Protection Program to May 31, 2021. Access applications on SBA’s website.

Congress has passed a series of relief packages over the past year to address the needs of individuals and businesses as the country works to recover from the COVID-19 pandemic. Highlights of the provisions from the most recent packages that impact the home building industry are outlined below.

March 2021 Relief Package

The $1.9 trillion relief package, signed into law on March 11, 2021, contains important provisions for the housing community, including: 

The legislation also includes other important provisions that:

  • Provide $10 billion for home owner assistance efforts, including direct relief with mortgage payments, small 1-4 rental unit properties, property tax payments and utility costs.
  • Extend weekly federal unemployment payments of $300 per week, which were due to end on March 14, through Sept. 6, 2021. The first $10,200 of unemployment benefits will be tax-free for households earning less than $150,000.
  • Provide additional recovery rebates up to $1,400 per taxpayer for most Americans.

December 2020 Relief Package

The $900 billion coronavirus relief package signed into law in December 2020 included significant provisions that NAHB championed. Three major builder concerns addressed in the legislation include:

Learn more in the links below.

Coronavirus Relief  Webinar Replays NAHB hosted a series of webinars for members and HBAs to learn more about the key housing provisions of the COVID-19 relief package signed into law in December 2020.
HBA Webinar: COVID Stimulus Package Slides
Member Webinar: COVID Stimulus Package Slides
Coronavirus Tax Relief
<p>Favorable tax provisions benefit small businesses and others in the housing industry.</p>

Tax Relief

Tax Relief

Favorable tax provisions benefit small businesses and others in the housing industry.

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Coronavirus Rental Assistance
<p>Property owners may request rental assistance on behalf of their tenants.</p>

Rental Assistance

Rental Assistance

Property owners may request rental assistance on behalf of their tenants.

Learn more
Coronavirus Paycheck Protection Program
<p>A simplified loan forgiveness process and improved access to funding.</p>

Paycheck Protection Program

Paycheck Protection Program

A simplified loan forgiveness process and improved access to funding.

Learn more