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You are here: Home / Real Estate News / Realtor® Efforts Help Secure Rental Assistance in COVID-19 Relief Legislation

Realtor® Efforts Help Secure Rental Assistance in COVID-19 Relief Legislation

December 22, 2020 by Cyndee Woolley Leave a Comment

WASHINGTON (December 22, 2020) – The National Association of Realtors® secured key victories in COVID-19 relief legislation that cleared the U.S. Senate & House of Representatives overnight, including various key tax extenders, additional support for the Paycheck Protection Program, and funding for rental assistance. Roughly 38% of NAR’s 1.4 million members own at least one rental property throughout the U.S.

“NAR has been one of the loudest voices in Washington advocating for rental assistance these past few months,” said NAR President Charlie Oppler, a Realtor® from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby’s International Realty. “While Realtors® worked to ensure thousands of American families would not go homeless, it was clear that broad, ongoing eviction moratoriums were jeopardizing the very housing opportunities we were trying to protect.

“More than 40% of rental units nationally are owned by ‘mom and pop’-operated small businesses, many of which have been struggling to pay their bills and keep a roof over their tenants’ heads. Rental assistance helps stabilize that housing and keep families in their homes, and we’re grateful that Congress could secure this and other critical relief measures in this legislation.”

Read full article from the National Association of Realtors. 

Filed Under: Real Estate News Tagged With: Advocacy, COVID-19, COVID-19 Relief, Housing, NAR, National Association of Realtors, Real Estate, Real Estate News, Realtors Giving Back

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