Reuters is reporting that the U.S. Treasury Department said on the $46.6 billion rental assistance program has disbursed/obligated over $30 billion to renters & landlords through the end of February, 2022. In addition, they report that the “vast majority” of funding will be exhausted by mid-year. The Emergency Rental Assistance Program reportedly spent about $1.93 billion spent on rent, utilities and arrears in February alone and aided 462,552 households.
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Click here to read the full report at Reuters.
Click here to read the full release at the U.S. Department of the Treasury.