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…
More Emergency Rental Aid Reaches Tenants as Treasury Seeks to Boost Disbursement
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,…
House GOP Financial Services Members Call on Yellen to Testify About Billions in Undistributed Rental Assistance
Republicans on the House Financial Services Committee want Secretary of the Treasury Janet Yellen to testify before the panel to explain why billions in federal aid have failed to reach the majority of tenants and have created billions in backlog owed to landlords. “Many of us also believe that Secretary Yellen has failed to take…
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