Tag: Emergency Rental Assistance

Less Than 17 Percent of Rental Aid Distributed by August, Treasury Says

Michigan Star Staff
A living room in an apartment space with a blue couch and TV

State and local officials disbursed less than 17% of the funds allocated for pandemic rent assistance by the end of August, the Treasury Department announced Friday.

Officials have disbursed $7.7 billion of the $46.5 billion in funds allocated to the Emergency Rental Assistance (ERA) program meant to aid those at risk of eviction, the Treasury Department said in a statement.

The program was created eight months ago and has struggled to distribute its funds to tenants. A number of state officials have said the delays can be attributed to a lack of preparedness to facilitate the distribution of such large sums of money.

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Tenants Nationwide Behind on Rent Despite Billions of Unspent Federal Aid

Michigan Star Staff

Low-income tenants across the country are behind on rent payments because of the pandemic, even as billions of dollars appropriated by Congress to assist renters remain untouched.

About $5.2 billion of the $46.6 billion — roughly 11% — set aside for the Emergency Rental Assistance (ERA) program has been distributed to low-income tenants, according to the most recent data released by the Department of the Treasury on Wednesday. House Financial Services Committee Ranking Member Patrick McHenry characterized the Biden administration’s handling of the ERA program as “gross mismanagement.”

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Treasury Department Has Distributed Fraction of Emergency Rent Assistance with Just Days Until Evictions Begin

Michigan Star Staff
US Treasury Dept

The Department of the Treasury has awarded a small fraction of the tens of billions of dollars Congress appropriated for pandemic rental assistance since January.

The federal government has expended less than $3 billion of the $46.6 billion in funds given to the Emergency Rental Assistance (ERA) program, the Treasury Department announced on Wednesday. The U.S. doled out $1.49 billion from January through May and $1.5 billion in June to low-income renters nationwide, according to a spreadsheet published by the Treasury.

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