Date uploaded: 2021-08-25 15:47:47
About 89% of federal rental assistance approved by Congress remains unspent, despite President Joe Biden's efforts to encourage states and cities to get the money out faster as a potential eviction crisis looms.
The Treasury Department released updated payout figures that show states and cities distributed $1.7 billion to landlords and renters in July, a modest increase from the $1.5 billion distributed in June.
All told, states and cities spent $5.2 billion out of $46.5 billion in rental relief authorized from COVID-19 rescue packages since December – $4.7 billion of which has gone directly to households and the rest toward administrative costs. About 11% of the total allotment of federal funds has now been dispersed.
One of six renters is estimated to be behind on their rent, according to the U.S. Census Bureau's Household Pulse Survey.
Yet in many states, landlords and renters have struggled to get approval for funds designed to help renters unable to make payments during the pandemic.
Several states contracted third-party vendors to lead the programs, requiring lengthy procurement processes that delayed the initial rollout of money. Computer systems in several states malfunctioned, preventing renters from applying. Some states are requiring tenants to provide more documentation than required by federal law, which experts say has created unnecessary hurdles to get money out the door.
#rentalassistance #evictioncrisis #evictionmoratorium
