More than 80 percent of federal emergency rental assistance funds have been delivered to households earning 50 percent of area median income, according to a recent report for the US Department of the Treasury.
Facing economic challenges caused by the pandemic, the December 2020 Consolidated Appropriations Act of 2021 (ERA 1) included $25 billion in Emergency Rental (ERAP) assistance (ERAP) and the March 2021 American Rescue Plan (ERA 2) included an additional $21.6 billion in ERAP assistance.
On Feb. 24, the Treasury released information showing ERA grantees made 3.8 million payments to eligible households and spent or obligated more than $25 billion, across ERA 1 and ERA 2.
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