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    You are at:Home»Legislative»Barely 20% of Rental Assistance Funds have Been Distributed by the Feds

    Barely 20% of Rental Assistance Funds have Been Distributed by the Feds

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    By Brad Beckett on October 28, 2021 Legislative

    self appreciation at treasuryIt seems like yesterday, but a couple months ago we posted about the Treasury Department patting itself on the back for spending $1.5 billion in rental assistance out of the nearly $46 billion allocated.  Now, fast-forward to October and we learn that only an addition $8.5 billion has been spent, or around 20% of the total.  As reported by Bloomberg & various media outlets, the Treasury Department is boasting that $2.8 billion was released last month, bringing the total to $10.7 billion, out of the $46.5 billion appropriated by Congress to prevent evictions during last year’s Covid-19 pandemic.  Reportedly, just around 2 million payments have been made to date.

    “State and local governments picked up the pace of distributing emergency rental assistance funds in September amid a push from the Biden administration to accelerate payments to households.”

    Click here to read the full story at Bloomberg.

     

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    Brad Beckett
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    Action Alert HR 5013 – Seller Finance
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