Treasury Says Amount of June Emergency Rental Assistance More Than All Previous Months Combined
As if to quickly to pat themselves on the back, the U.S. Treasury Department says more than $ 1.5 billion in rental assistance was delivered to eligible households in the month of June, more than the assistance provided during all three previous reporting periods combined. However, data reveal that of the $ 46 billion made available to the Emergency Rental Assistance Program, less than $ 3 billion has been spent. Treasury says this represents “significant progress,” but they acknowledge that there is still much more to work do. Indeed…
“While more households are getting help, in many states and localities, funds are still not flowing fast enough to renters and landlords. Treasury is continuing an all-out effort, in coordination with the White House and interagency partners, to get the word out about the availability of rental assistance and to support grantees in ramping up their efforts.” U.S. Department of the Treasury release.
Charles Tassell
“It is only the federal government that could praise a failing system which has failed to release less than 7% of FREE rental assistance over 6 months to people owing over $ 45 billion in past due rent and at risk of eviction! Considering some programs have yet(!) to release any funds, the federal government needs to step up by pushing best practices and remove disincentives: there is a contra-incentive, that funds NOT spent from the second tranche of $ 21.5B can be kept by the inept programs. Let’s face it, the government is so inept they cannot give away money!” Said Charles Tassell, COO of the National Real Estate Investors Association.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
As if to quickly to pat themselves on the back, the U.S. Treasury Department says more than $ 1.5 billion in rental assistance was delivered to eligible households in the month of June, more than the assistance provided during all three previous reporting periods combined. However, data reveal that of the $ 46 billion made available to the Emergency Rental Assistance Program, less than $ 3 billion has been spent. Treasury says this represents “significant progress,” but they acknowledge that there is still much more to work do. Indeed…“While more households are getting help, in many states and localities, funds are still not flowing fast enough to renters and landlords. Treasury is continuing an all-out effort, in coordination with the White House and interagency partners, to get the word out about the availability of rental assistance and to support grantees in ramping up their efforts.” U.S. Department of the Treasury release.
“While more households are getting help, in many states and localities, funds are still not flowing fast enough to renters and landlords. Treasury is continuing an all-out effort, in coordination with the White House and interagency partners, to get the word out about the availability of rental assistance and to support grantees in ramping up their efforts.” 