The Treasury Department has disclosed that the body has disbursed more than $6 billion in rental aid to states.
Deputy Secretary of the Treasury Wally Adeyemo said: “Treasury is committed to providing direct, rapid support to those impacted by the Covid-19 pandemic and addressing the deep disparities in our housing systems that threaten our economic recovery.”
With the national eviction ban set to expire in weeks, housing advocates say it’s vital the funds are given out quickly. On the other hand, Congress has allocated more than $45 billion in rental assistance. States now have access to more than $30 billion of that money, and the rest is supposed to be available over the next few months.
The aid typically goes to the property owner, although organizations can give the money directly to renters if their landlords refuse to cooperate, as some are doing. Even as the public health crisis fades, more than 1 in 7 adult renters in the U.S. still say they’re behind. Among Black renters, that share increases to 1 in 5.
More than 360 programs across the country are giving out the federal rental assistance. Programs are supposed to prioritize low-income renters and the unemployed, and people can get up to 18 months of assistance.