NEWS: Rent and mortgage relief in legislation moving forward in U.S. House of Representatives
The following is news from the Office of Congressman Michael San Nicolas:
After introduction in and direct advocacy with the Financial Services Committee, H.R. 7301 - Emergency Housing Protections and Relief Act of 2020 - is going for a vote.
Among its provisions is over $138 million for residential rental assistance and $89 million in mortgage assistance specifically for the people of Guam.
"While we had these resources included in the HEROES Act already passed by the House, I worked diligently with my fellow financial services committee members to move rental and mortgage assistance out in a separate bill so that we can try to move it independently," opened Congressman San Nicolas.
These funds would be made available to the state housing agency, which for Guam is the Guam Housing and Urban Renewal Authority (GHURA), to be administered to eligible renters and homeowners in need of assistance in making their payments.
"I anticipate smooth passage of this measure when the House votes on it on Monday, and our community can rest assured that any rent and mortgage relief provided by the Congress will absolutely include funds available for Guam and our Territories," Congressman San Nicolas continued.
"These resources are in addition to the over $1 Billion we have secured for Guam so far this year, and we will continue the work of ensuring that Guam and our Territories are fully included in all national funding agendas," Congressman San Nicolas concludes.