Distribution of the federal government's renter relief program funds continues to move at a staggeringly slow pace in nearly every state and jurisdiction, according to data released by the Treasury Department.

Just $4.7 billion of almost $47 billion appropriated by Congress had reached tenants and landlords through July.

The data show that rental aid has begun to move faster in some states, though July's $1.7 billion reflected only a modest overall increase from the $1.5 billion distributed in June.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.