August Treasury Data on ERA1 and ERA2 Show Spending Uptick, Some Programs Lagging

The U.S. Department of the Treasury released updated Emergency Rental Assistance (ERA) spending data through August 31, revealing that an additional $2.28 billion in ERA1 and $207 million in ERA2 funding was spent in August, bringing the total ERA spent through August to $7.72 billion. After only a slight increase in spending between June and July, August saw a substantial increase in the rate of spending. Grantees spent $550 million more in August than in July. By comparison, programs spent $196 million more in July than they did in June. The updated data reflect significant progress in ERA spending for programs, though many programs have yet to incorporate essential flexibilities to accelerate funding.

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