The American Rescue Plan: What’s in it for Housing?
On March 11, 2021, the $1.9 trillion American Rescue Plan (ARP) Act was signed into law. This legislation appropriates approximately $50B in housing-related assistance for lower-income households facing housing instability or currently experiencing homelessness. As rental and utility arrears continue to grow, the ARP offers much needed financial relief to struggling tenants and landlords. And, as communities observe increases in both calls for assistance and households falling into homelessness, the ARP provides ways to address the immediate needs of lower-income households. This support will also help the homeless and housing services system to stabilize. Finally, the funding priorities and eligible uses in the ARP provide insight into the types of strategies and solutions that will continue to be advanced; if maximized, these can outline pathways to long-term economic recovery. This week’s blog post provides a high-level overview of the housing-related assistance in the ARP, and what it can mean for Charlotte-Mecklenburg.

