Treasury Releases Emergency Rental Assistance (ERA) Reallocation Guidance

The U.S. Department of the Treasury on October 4 issued guidance on reallocating the $25 billion in Emergency Rental Assistance (ERA), referred to as “ERA1,” appropriated under the Consolidated Appropriations Act of 2021. Additionally, Treasury published a one-pager summary of the guidance and a letter from Deputy Secretary Adeyemo to ERA grantees on reallocation. The reallocation guidance will, as NLIHC recommended, require poor-performing program administrators to submit improvement plans outlining how they will adopt proven best practices to expedite the delivery of assistance to renters and landlords. Importantly, the Treasury guidance makes clear it will hold renters harmless for slow spending programs by looking to other grantees in the states or jurisdictions to deliver the funds.

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