Treasury Says Most Rental Aid will be Exhausted by Mid-Year
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.
Click here to read the full report at Reuters.
Click here to read the full release at the U.S. Department of the Treasury.
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