The Federal Rental Aid program is flexible to meet changing needs

The Treasury Department has said it will begin redirecting more than $ 1 billion in unspent funds to "doing well" areas.


A record amount of state employment assistance was put in the pockets of hard-working local and local government executives in November, as Biden management embarked on reforms aimed at providing additional funding to areas of greatest need.

The Treasury Department said on Friday that $ 2.9 billion was being distributed to 665,000 employers and homeowners in November through the Emergency Rental Assistance program, one of the few remaining benefits of the epidemic that helps keep people at home.

In announcing the figures, the organization said eviction forms "remain below pre-epidemic levels," a data-based survey from Princeton University's Eviction Lab showing applications in six provinces and the following 31 cities remain low since the institution's suspension. ended in August.

The $ 46.5 billion rental assistance program has been developed by Congress to help low-income and middle-income households fall behind in their employment and services during the epidemic. In the first few months, funds were slow to find a way to those in need, but Friday's data suggests that money is still being distributed at a faster rate.

The Treasury estimates that an estimated $ 25 billion to $ 30 billion was spent or allocated by the end of December.

"The good news is that after a challenging start, a lot of places have increased their game and accelerated the distribution in such a way that about $ 30 billion may have been donated or donated to 3.5-4 million families," said Gene Sperling, who oversees the epidemic. help in Biden administration, says an email to NBC News.

"The difficult statistics that come with these encouraging news, mean that there will be less money available in the provinces that have made a significant request for additional funding," he added.

Proponents of her case have been working to make the actual transcript of this statement available online.

Diane Yentel, CEO of the National Low Income Housing Coalition, said the number of employers' payments was a good sign, "but there is still a lot of work to be done."

In a statement, he said in a statement: "With the rent paid, these families are in a good state of repair and housing for the year." Improved distribution ... kept eviction records below historical levels and kept many employers earning less than their homes. But much work remains to be done - many struggling employers have not yet received the necessary support, and long-term solutions to stable families are in dire need and have been around for a long time. ”

In the meantime, the Treasury Department is launching more than $ 1 billion in unspent funds from provinces and rural areas to the “best performing” areas, which have distributed at least 65 percent of employment assistance.

Some provinces have also exchanged funds within their borders. Georgia also voluntarily allocated $ 50 million in the states of Fulton and DeKalb, including Atlanta, Wisconsin transferred $ 61 million to Milwaukee and Arizona also sent $ 39 million to Maricopa County, the most populous province in the province.