A quick reference for our tenants on the recently passed stimulus bill. These and other sources will hopefully help all who are in need. We encourage all to use the resources the CDC and government have provided in both financial assistance and healthcare guidelines/procedures to follow.
*This is our brief summary, and we encourage you to look up the bill directly, along with other sources for all that is included in the bill, for exact numbers and all information.
The bill will provide families:
- Direct payments of up to $1,200 for most individuals and $2,400 for most married couples filing jointly with an extra $500 for each child.
- Assistance will start to phase out for individuals earning more than $75,000 and for couples with more than $150,000 in income.
- Unemployment insurance benefits to be expanded, increasing the maximum benefit by $600 a week for up to four months. Benefits will be available to workers who are part-time, self-employed or part of the economy. People who are still unemployed after state benefits end could get an additional 13 weeks of help.
- Food assistance programs will get a boost as would programs to help low-income households avoid eviction and a program to improve internet access in rural areas.
- Students with federal loans could suspend payments until October.
- Students receiving Pell grants who have to drop out because of coronavirus would not be penalized.
- Some who have been laid off may get called back to work with funds being provided to small and large businesses to rehire those who have already lost their jobs. Those affected should check with their employer.