Federal pandemic rental aid helped 2.5 million households. Nearly 5 million are still struggling

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

One year after Congress first authorized billions of dollars in Covid-19 pandemic rental assistance, the money has helped more than 2.5 million struggling renters to remain in their homes. But there are still millions behind on their rent

Last December, lawmakers appropriated $25 billion for the federal emergency rental assistance program and followed up with another $22 billion in March as part of the larger pandemic relief legislation known as the American Rescue Plan. The money is still making its way to struggling renters. About 80% of the first tranche is expected to be spent or obligated by the end of the year, according to the Treasury Department, which delivered the funds to states, as well as some cities and counties.

The federal moratorium on evictions expired in August after being in place for nearly a year. It also helped that Treasury relaxed some of its guidelines, making it more clear that programs can rely on applicant's self-attestations without further documentation."Most people know about the aid by now. There are billboards up across the state that weren't there in the summer," said Lindsey Siegel, director of housing advocacy at Atlanta Legal Aid Society.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PROPERTY

Property Property Latest News, Property Property Headlines