Key Housing Provisions in $900 Billion Relief Bill Passed by Congress

Advocacy
Published
Post updated on Dec. 27. A $900 billion economic relief package approved by the House and Senate on Dec. 21 includes key provisions that NAHB championed. President Trump signed the measure into law six days later on Sunday, Dec. 27. NAHB worked closely with Democratic and Republican congressional leaders to ensure the recovery legislation addresses three major builder concerns:
  1. Provides relief for small businesses from burdensome loan forgiveness requirements.
  2. Helps struggling renters and landlords with dedicated rental assistance.
  3. Assists HBAs that have largely been excluded from previous relief measures.
The final package covers these three areas and contains several other policy objectives that NAHB has championed, including a permanent minimum 4% credit floor on low-income housing tax credits that will allow multifamily developers to finance thousands of additional affordable rental units and an extension of temporary tax provisions for newly-built energy-efficient homes and for home owners who engage in remodeling activities. The legislation also includes other important provisions that:
  • Extend all pandemic unemployment benefits expiring at the end of December through March 14, 2021.
  • Extend weekly enhanced federal unemployment payments (paid out on top of regular UI benefits) of $300 per week through March 14, 2021.
  • Provide a direct payment of $600 to most Americans.
View further analysis on the following areas of the $900 billion rescue package:
  • Tax Relief
  • Rental Assistance
  • Paycheck Protection Program
You can also access NAHB's complete listing of Coronavirus Response and Recovery resources on nahb.org.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Digital Media | Membership

Jun 30, 2025

Top Builders List Spotlights NAHB Members

In its latest May/June 2025 issue, Pro Builder unveiled its Top 200 (formerly Housing Giants) report, which ranks the top U.S. home builders by revenue, and looks at the top trends affecting the business of home building.

Legal

Jun 27, 2025

Supreme Court Limits Nationwide Injunctions

In a case that could have far-reaching consequences for NAHB members, the Supreme Court today issued a 6-3 ruling that would limit the use of nationwide universal injunctions. A universal injunction stops the defendant from taking an action against anyone, anywhere.

View all

Latest Economic News

Economics

Jun 30, 2025

2024 New Single-Family Starts by Census Division

Despite persistently high mortgage rates, elevated financing costs for builders, and a shortage of buildable lots, single-family starts rebounded in 2024, following two straight years of declines.

Economics

Jun 27, 2025

2025 First Quarter State-Level GDP Data

Real gross domestic product (GDP) increased in ten states in the first quarter of 2025 compared to the last quarter of 2024, according to the U.S. Bureau of Economic Analysis (BEA).

Economics

Jun 27, 2025

State and Local Property Tax Revenue Grows in the First Quarter

In the first quarter of 2025, state and local governments experienced an increase in property tax revenue growth. On a seasonally adjusted basis, state and local government property tax revenue grew 1.1% over the quarter, according to the Census Bureau’s quarterly summary of state and local tax revenue.