Universal Housing Voucher, Rent Assistance Program & Stimulus Check Update

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It’s Time to Reinforce the Housing Safety Net by Adopting Universal Vouchers for Low-Income Renters

Housing assistance is needed, and fast. The US Department of Housing and Urban Development (HUD) and public housing authorities could provide housing assistance through housing vouchers, or the Department of Treasury could provide more stimulus checks.

KEEPING FAMILIES IN THEIR HOMES
The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.

Economic Impact Payments
President Biden has pledged to deliver a third stimulus check to millions of Americans still reeling from the coronavirus pandemic as part of a broader $1.9 trillion relief package — but it could be months before households start to receive the money.

Cash assistance has the advantage of potentially moving through the system faster, but it does not address differences in rents across housing markets. In addition, there may be some road blocks in getting assistance to households who didn’t file taxes in 2018.

Vouchers have the advantage of reflecting local rent value. They can also adjust as people go back to work and their income increases or to reflect their unemployment benefits, which could be accounted for to avoid paying double assistance.

And, importantly, with a voucher, payments go directly to landlords, which ensures rents get paid, and landlords in turn can pay their mortgages. Bureaucratic hurdles that have prevented landlords from participating in the voucher program, such as unit inspections, could be waived. Considering the alternative costs or potential vacancies, many more landlords would find participating in a program with a government guarantee much more attractive. This program already exists and could be scaled to meet need. In the past, the Federal Emergency Management Agency and HUD provided emergency rental vouchers (PDF) during Hurricanes Rita and Katrina.

With more than a half a million people already homeless, nearly 11 million renters struggling to pay rent, and housing assistance programs that only reach one of five qualifying households, the housing safety net was woefully unprepared to survive the weight of the pandemic. The effects of long-term neglect are increasingly apparent as COVID-19 outbreaks threaten people living in congregate shelters who have no alternatives, and families are sheltering in crowded motel rooms with their children.
https://buildbackbetter.gov/wp-content/uploads/2021/01/COVID_Relief-Package-Fact-Sheet.pdf
https://joebiden.com/housing/

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