RENT RELIEF: The president is making good on his campaign promise to help low- and middle-income Americans afford their homes by providing a $1 billion relief package in 2018.
The White House said Monday that President Donald Trump has signed an executive order directing the Department of Housing and Urban Development to offer rent relief.
This will be the first time since 2013 that the administration has offered a full-year rental relief program to help middle- and low- income Americans.
According to the White House, the relief will be targeted to help homeowners who earn up to 30 percent below the federal poverty level.
“This is a historic moment for renters and homeowners,” the president said in a statement.
“As a nation, we have the opportunity to do better for the most vulnerable Americans.
Now more than ever, we must be making this affordable housing more accessible for every American.
On the heels of the announcement, the National Low Income Housing Coalition called for Congress to immediately enact rental relief.”
The Administration is making it easier for people to stay in their homes while they pay their rent, and providing housing that meets the needs of the people who will most benefit from the relief,” the group said in an emailed statement.
House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D, NY) said they will ask for $250 million to help “support low- to moderate-income families who can’t find rental housing.”
The administration is expected to provide a total of $1,400 billion in relief for families and individuals in 2018 and 2019, according to a White House fact sheet.
Read more about the administration’s housing plan here: President Trump signs executive order to provide rent relief to low-to-moderate-income homeowners.