Treasury Will Redistribute Eviction Aid if States and Localities Don’t Spend it

The US Department of the Treasury reported that state, local, and tribal officials disbursed about $10.7 billion in rental assistance as of the end of September—less than a quarter of the aid Congress approved approved. Soon, Treasury plans to recapture funds from areas where disbursement is slow and redistribute aid to other areas of the country. Treasury officials said 119 programs had spent at least 80 percent of funding available to them, while another 90 programs had spent less than 15 percent of their initial grants.“Even with the stronger performance we know that if we don’t do better nationwide, hundreds of thousands of families will still unnecessarily face that painful eviction or risk of eviction,” said Gene Sperling, a senior adviser to the president.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s