Emergency Rental Assistance Funds Going Out–Slowly
YieldPro Magazine, Aug. 26, 2021–Michael Rudy
A report by the U.S. Treasury Department said that as of July 31, approximately 24 percent of the $25 billion in emergency rental assistance funds allocated under the Consolidated Appropriations Act of 2021 had been spent or obligated. This act was passed in the last days of 2020. Of the $21.55 billion allocated for rental assistance under the American Rescue Plan Act of 2021, less than $1 billion had been spent or obligated by the end of June. That act was passed March 11, 2021.