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Treasury Distributes $6.1 billion to Assist Renters and Landlords Through Emergency Rental Assistance Program

Treasury Distributes $6.1 billion to Assist Renters and Landlords Through Emergency Rental Assistance Program
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Treasury Distributes $6.1 billion to Assist Renters and Landlords Through Emergency Rental Assistance Program – Investment Watch

WASHINGTON – Today, the U.S. Department of the Treasury announced that it has distributed $6.1 billion through the Emergency Rental Assistance (ERA) program in less than two weeks since $21.6 billion was allocated to the program. A part of the Biden-Harris Administration’s American Rescue Plan, this $21.6 billion ERA program was allocated to prevent evictions and ensure basic housing security for millions of Americans impacted by the affordable housing challenges exacerbated by COVID-19.
Nearly 7 million Americans reported being behind on rent in the second half of April 2021, and more than 40 percent of those renters worry that they could be evicted sometime in the next two months. There are almost 12 million Americans who lack confidence that they can make next month’s rent. Evictions can have long-lasting consequences for families potentially disrupting school, worsening health, displacing neighborhood networks of support, and making it more difficult to find safe, af ....

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U.S. Department Of The Treasury Distributes $6.1 Billion To Assist Renters And Landlords Through Emergency Rental Assistance Program

U.S. Department Of The Treasury Distributes $6.1 Billion To Assist Renters And Landlords Through Emergency Rental Assistance Program
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U.S. Department Of The Treasury Distributes $742 Million To States And Territories Through Homeowner Assistance Fund

<p><span>Today, the U.S. Department of the Treasury announced that it has distributed $742 million to 42 states and 3 territories through the Homeowner Assistance Fund (HAF). A part of the Biden-Harris Administration’s American Rescue Plan, HAF was designed to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship due to the COVID-19 public health crisis.</span></p> ....

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