1. Short title This Act may be cited as the COVID-19 Homeowner Assistance Fund Act of 2020 . 2. Homeowner Assistance Fund (a) Definitions In this section: (1) Fund The term Fund means the Homeowner Assistance Fund established under subsection (b). (2) Secretary The term Secretary means the Secretary of the Treasury. (3) State The term State means any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Virgin Islands, and the Northern Mariana Islands. (b) Establishment of fund There is established at the Department of the Treasury a Homeowner Assistance Fund to provide such funds as are made available under subsection (g) to State housing finance agencies for the purpose of preventing homeowner mortgage defaults, foreclosures, and displacements of individuals and families experiencing financial hardship after January 21, 2020. (c) Allocation of funds (1) Administration Of any amounts made available for the Fund, the Secretary of the Treasury may allocate, in the aggregate, an amount not exceeding 5 percent— (A) to the Office of Financial Stability established under section 101(a) of the Emergency Economic Stabilization Act of 2008 ( 12 U.S.C. 5211(a) ) to administer and oversee the Fund, and to provide technical assistance to States for the creation and implementation of State programs to administer assistance from the Fund