Stimulus Money For Vacation Rentals

Department of the treasury.

Stimulus money for vacation rentals. The 25 billion in rental assistance will be funded through the coronavirus relief fund crf and administered by the u s. Prweb april 02 2020. President trump signed a 2 trillion stimulus package meant to keep the u s.

According to forbes the proposal could give up to 4 000 to americans for vacation expenses in the u s. No one in the vacation rental industry saw covid 19 coming. Once the funds are dispersed to states.

For the time being many are able to continue working from home and earn their wages. At hotels theme parks restaurants and other tourism related businesses through the end. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments.

Additionally stimulus packages and interest rate cuts announced by many governments should help weather the storm hoping that it doesn t last for too long. Here s what it means for the travel industry. Any funds you receive.

What to do now. If you qualify for rental assistance you may be eligible for up to 12 months worth of back rent and utilities plus another three months worth if there s money left over.