1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Funding for HUD in the CARES Act Maggie McCarty, Coordinator Specialist in Housing Policy Libby Perl Specialist in Housing Policy Katie Jones Analyst in Housing Policy Joseph V. Jaroscak Analyst in Economic Development Pol
2、icy April 7, 2020 Division B of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) provided $12.4 billion in additional FY2020 funding for several Department of Housing and Urban Development (HUD) programs and activities. The funds are generally for one of three broad p
3、urposes: to provide additional resources to meet emerging needs, to support existing rental assistance programs, or to provide additional administrative capacity and oversight. Three-quarters of the funding can be considered new resources to meet emerging needs, with most of the remaining funding su
4、pporting rental assistance programs. HUD has announced allocations of some grant funding provided by the law. Additional Resources to Meet Emerging Needs Several HUD grant programs provide relatively flexible funding to state and local governments, tribes, or other entities for eligible affordable h
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