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Treasury to send $1B in rental aid funds to high-demand states, cities

The emergency aid effort was plagued all through final 12 months by bottlenecks on the state and native stage, escalating fears concerning the plight of renters after the Supreme Court docket halted a federal eviction ban.

As of Nov. 30, state and native governments had spent $17.4 billion of the $46.5 billion in aid, accounting for somewhat greater than 37 p.c of the funds.

Forward of Friday’s announcement, Treasury had begun warning state officials that the quantity of latest funding requested by states and cities was far larger than what was out there to distribute. New York is ready to obtain simply $27 million in new funding after requesting $996 million. It had used about $1.1 billion in federal cash as of Nov. 30.

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California’s state program, which had spent all of its $1.5 billion first-round allocation as of Nov. 30, will get somewhat over $50 million in reallocated funds.

Treasury stated Friday that state governments in Georgia, Nebraska and Louisiana voluntarily transferred unspent funds to native applications inside their borders, as did a number of different states.

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