Industry groups are hopeful that federal rent relief could come for the multifamily industry before the end of the year, when both the CDC eviction moratorium and unemployment benefits passed in the CARES Act are set to expire.
The current stopgap spending bill, signed by President Trump in September, is set to expire Dec. 11. If a new bill is not passed before the deadline, there will be a government shutdown. Legislators from both sides of the aisle are currently working to secure bipartisan agreement by the end of this week on funding totals for a 12-bill spending package that would prevent the shutdown from happening.
Leaders from both parties have said they would like to pass an omnibus bill rather than a continuing resolution that would only fund the government in the short term, but have sent mixed messages on whether COVID-19 relief measures will be a part of the legislation.
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