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, an increase over the $1.8 billion that reached 340,000 households in July. The Biden administration faces a narrowing window to distribute rental aid as unused funds will soon be subject to reallocation to more productive programs and after the Supreme Court ruled in August to halt a federal eviction ban. Of the total $46.5 billion Congress appropriated under two emergency rental assistance programs, around $7.7 billion has been spent as of Aug. 31, or less than 17 percent. “While many jurisdictions have more work to do to meet the urgent demand for this relief in …

Originally appeared on The Epoch Times

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