States and localities in November paid out the largest amount of rental assistance to cash-strapped tenants since a federal program began, the Treasury Department said in a statement Friday. The $2.9 billion paid out is the latest sign that the program’s early hiccups have been mostly been resolved and it is now turning to helping…
More Emergency Rental Aid Reaches Tenants as Treasury Seeks to Boost Disbursement
September saw another monthly boost in the amount of emergency rental aid paid out to tenants under the federal rental assistance scheme, which despite efforts to pick up the pace of disbursement has so far managed to spend around a quarter of available funds to stave off evictions, according to the Treasury Department. The department said…
Yellen Says Delta Slowing Recovery, Urges Faster Distribution of Emergency Rental Aid
Treasury Secretary Janet Yellen told senators on Tuesday that the United States should return to full employment next year despite headwinds from the Delta variant and urged states and localities to speed up disbursement of emergency rental aid to families in need. Yellen made the remarks before a Senate committee on Sept. 28, in which…
More Emergency Rental Aid Reaches Tenants Amid Treasury Push to Boost Disbursement
August saw a marked rise in the amount of emergency rental aid paid out to needy tenants, though the Treasury Department says more needs to be done to accelerate payments. Treasury said in a Sept. 24 release that over $2.3 billion in rental aid payments was disbursed to more than 420,000 households nationwide last month,…
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