• Metro East REIA

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. Continue reading HERE...

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