H.R. 1847 · 117th Congress
Rent and Mortgage Cancellation Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
27 cosponsors · 27 D
24 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill provides housing assistance during the COVID-19 public health emergency.
What it does: CRS summary · Introduced in House · Mar 11, 2021
Rent and Mortgage Cancellation Act of 2021
This bill provides housing assistance during the COVID-19 public health emergency.
Specifically, the bill suspends rental and mortgage payments for primary residences through April 1, 2022. The bill also forgives rental and mortgage debt accrued from March 13, 2020, through April 1, 2022. The Department of Housing and Urban Development (HUD) must establish funds to reimburse lessors and lenders for payments suspended or forgiven under the bill.
In addition, HUD must establish an Affordable Housing Acquisition Fund to support the acquisition of multifamily housing projects by nonprofit organizations, public housing agencies, cooperative housing associations, community land trusts, and state and local governments. For a five-year period, entities that are approved for such assistance shall be provided the first right of purchase with respect to these projects.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rent and Mortgage Cancellation Act of 2021
Latest action (Mar 11, 2021): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: Mar 11, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.