Title 15 › CHAPTER 116 — CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT) › SUBCHAPTER III — ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED SECTORS OF THE UNITED STATES ECONOMY › Part A — Coronavirus Economic Stabilization › § 9058a
Provides $25,000,000,000 for emergency rental help for fiscal year 2021. The Treasury Secretary must set aside $400,000,000 for Puerto Rico and the five U.S. territories, $800,000,000 for eligible tribal programs, and up to $15,000,000 for the Secretary’s own administration. The rest is paid to States and local governments using a formula like an existing housing law, with payments treated as due no later than 30 days after December 27, 2020. From the tribal reservation, 0.3 percent goes to the Department of Hawaiian Home Lands and the rest is split among tribes that were eligible for certain 2020 Native American housing grants, with rules for opt-outs and pro rata adjustments. Territory payments are based on population but must meet a minimum total equal to 0.3 percent of the $25,000,000,000. Grantees may only use the money to help eligible households with financial assistance and housing stability services. At least 90 percent must go to direct financial help, including rent, rent arrears, utilities, utility arrears, and other housing costs tied to COVID–19. Help is normally for up to 12 months, with up to 3 extra months if needed and funds are available. Prospective (future) rent payments are limited to 3 months per application unless there is a new application and funds remain. Payments should be made to landlords or utility providers when possible; if a landlord refuses, the grantee can pay the household. Up to 10 percent may be used for housing stability services and up to 10 percent for grantee administrative costs. Starting September 30, 2021, the Treasury may recapture unused money and reallocate it to grantees that have obligated at least 65 percent of their funds. Funds remain available through September 30, 2022, and reallocated funds may get a 90‑day extension with approval. Landlords may apply for help for tenants if the tenant signs and gets a copy, and any payment to the landlord must be used to satisfy the tenant’s rent. The Treasury must publish at least quarterly public reports with counts, approval rates, types and amounts of help, average aid per household, income breakdowns (<=30%, 30–50%, 50–80% of area median income), and average months covered, and must break results down by gender, race, and ethnicity. The Treasury Inspector General will monitor and can recover misspent funds as debts; $6,500,000 is provided for that oversight. Help from these payments is not counted as income or resources for federal, state, or local benefit programs. Key defined terms: area median income (HUD), eligible grantees (States, qualifying local governments, eligible tribes or tribal housing entities, and the Department of Hawaiian Home Lands), and eligible household (renting household with COVID‑related loss or hardship, risk of homelessness or instability, and income ≤80% of area median income). The authority to make new rental assistance obligations ends on the date funds stop being available, and unspent amounts revert to the Treasury.
Full Legal Text
Commerce and Trade, Source: USLM XML via OLRC
Legislative History
Reference
Citation
15 U.S.C. § 9058a
Title 15, Commerce and Trade
Last Updated
Sep 23, 2026
Release point: 119-110