Senate Introduces A Bill that Establishes A Homeowner Assistance Fund

Senate Introduces A Bill that Establishes A Homeowner Assistance Fund

On February 4, 2021, Senators Jack Reed (D-RI) , Sherrod Brown (D-OH), & Patrick Leahy (D-VT) introduced S.254 which, if passed, will establish a Homeowner Assistance Fund designed to help families who are struggling during the COVID-19 crisis, stay in their homes. This $75 billon fund follows the example of the 2010 hardest hit fund (Should this be in caps?) that was created to keep families in their home after the 2008 financial crisis. Similarly, S.254 will allocate the money to state housing finance agencies so that they can provide aid to families for “mortgage relief; utility and Internet payments; and other support to prevent eviction, mortgage delinquency, default, or foreclosure.”

We know that Black families are at the most risk of being affected by economic turmoil caused by the COVID-19 crisis.  Most important,  we risk widening the homeownership gap in this country if there is no action taken. That’s why we need your help. By joining our campaign to support S.254, we can let our elected officials know that we must make Black homeownership a legislative priority by staving off the negative long-term effects of this pandemic on our communities. Please fill out the following form letter and let your elected official know that we must pass this bill!

Thank you in advance for your support of the NAREB advocacy team as we continue to support Black homeowners across the country.  If you have any questions, please contact us at

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