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States, cities running out of rental assistance monies


Associated Press

The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed. The federal government is forecasting that upwards of $30 billion allocated for rental assistance will be disbursed by the end of the year. That is a dramatic change from this summer, when housing advocates were complaining about the slow pace of distribution. Congress authorized $46.5 billion in emergency rental assistance late last year. The initial rollout of the program was plagued by slow disbursement, with administration officials publicly blaming state and municipal partners for bottlenecks.

Associated Press

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