The finance division spends $ 6 billion to assist tenants
Residential buildings in the East Village neighborhood of Manhattan in New York City.
James Andrews | iStock | Getty Images
The Treasury Department announced Friday that it had paid more than $ 6 billion to states to help tenants and landlords struggling with the coronavirus pandemic.
Between the last two major stimulus packages, Congress provided more than $ 45 billion in rental assistance. States now have access to more than $ 30 billion of that money, and the remainder is expected to be available in the next few months.
With the national eviction ban expiring in weeks, housing advocates say it’s important that funds are spent quickly.
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Even as the public health crisis subsides, more than one in seven adult renters in the US say they are behind. For black tenants, this proportion rises to 1 in 5.
“The Treasury Department is committed to providing direct and rapid support to those affected by the Covid-19 pandemic and to addressing the deep disparities in our housing systems that threaten our economic recovery,” Deputy Treasury Secretary Wally Adeyemo said in a statement.
Government rent support is given out by more than 360 programs across the country. The National Low Income Housing Coalition has a list of them on their website.