/Govt. Officials Disbursed Only 17% of Available Rental In Over Half of a Year

Govt. Officials Disbursed Only 17% of Available Rental In Over Half of a Year

The Treasury Department said Friday that state and local officials distributed just a fraction of emergency rental assistance at the end of August as delays continue to beset the program eight months after its creation.

Officials have disbursed just $7.7 billion – or roughly 17% – of the $46.5 billion program intended to keep millions of renters in their homes, the department said in a news release. The money served 420,000 households in August, up from 340,000 in July.

“While many jurisdictions have more work to do to meet the urgent demand for this relief in their communities, grantees saw significant growth in August — particularly among state and local agencies that adopted the Treasury’s recommended best practices,” the department said.

There are some 110 million Americans living in rental households; an estimated 8 million renters – or about 7% – are behind on their rent and at risk of eviction, according to the latest Census Bureau data from the first half of September.  Of those, more than 3 million said they were very or somewhat likely to be evicted in the next two months.

Keep reading at Fox Business.

TAGS: