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Politics

Treasury to send $1B in rental aid funds to high-demand states, cities

The emergency aid effort was plagued all through final yr by bottlenecks on the state and native degree, escalating fears in regards to the plight of renters after the Supreme Court docket halted a federal eviction ban.

As of Nov. 30, state and native governments had spent $17.4 billion of the $46.5 billion in aid, accounting for slightly greater than 37 p.c of the funds.

Forward of Friday’s announcement, Treasury had begun warning state officials that the quantity of latest funding requested by states and cities was far larger than what was obtainable to distribute. New York is about to obtain simply $27 million in new funding after requesting $996 million. It had used about $1.1 billion in federal cash as of Nov. 30.

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California’s state program, which had spent all of its $1.5 billion first-round allocation as of Nov. 30, will get slightly over $50 million in reallocated funds.

Treasury mentioned Friday that state governments in Georgia, Nebraska and Louisiana voluntarily transferred unspent funds to native applications inside their borders, as did a number of different states.

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