HAG: American Rescue Plan Act Approved; Next Steps for the Affordable Housing Credit Improvement Act

On March 10, 2021, the House of Representatives passed the Senate version of the American Rescue Plan Act, a robust $1.9 trillion COVID-19 relief package that is a major priority for the Biden Administration and congressional Democrats. The bill passed the House largely on a party-line vote of 220-211 with one Democrat voting against it. The bill, which passed the Senate on March 6, 2021 by a vote of 50-49, is expected to be signed by President Biden on March 12. No Republicans supported the measure in either the House or Senate.

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Courtesy of Housing Advisory Group