Treasury Says Not Much Rental Assistance Money Will Be Redirected To High Demand States
In a statement Friday, the Treasury Department said state and localities in November paid out $2.9 billion in rental assistance to tenants, the biggest amount since the federal assistance program started. The rental assistance is divided into two portions, with the first tranche, known as ERA1, being $25 billion, and the second, known as ERA2, being $21.5 billion. ERA2 is meant to be spent over a longer period of time....