Scott welcomed the inclusion of his legislative proposal to establish a $75 billion Homeowner Assistance Fund to offer relief to consumers and prevent foreclosure.
Congressman Scott introduced the COVID-19 Homeowner Assistance Fund Act of 2020 in the House of Representatives last week to deliver essential support for homeowners by establishing a $75 billion Homeowner Assistance Fund to aid homeowners across all 50 states, DC, and U.S. territories.
Designed to work alongside CARES Act mortgage forbearance relief and federal loss mitigation programs, the Homeowner Assistance Fund will prevent foreclosures by providing homeowners direct relief.
The HEROES Act is a comprehensive legislative package that provides assistance to state and local governments, protects essential workers, strengthens COVID-19 testing, and provides direct support for workers and families.
In addition to the $75 billion Homeowner Assistance Fund championed by Rep. Scott, the HEROES Act provides $100 billion in support for our nation’s renters, ensuring that housing security is a central pillar of the legislation.