View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

5/21/2021

Treasury Distributes $6.1 billion to Assist Renters and Landlords Through Emergency Rental Assistance Program | U.S. …

Treasury Distributes $6.1 billion to Assist Renters and Landlords
Through Emergency Rental Assistance Program
May 21, 2021

WASHINGTON – Today, the U.S. Department of the Treasury announced that it has
distributed $6.1 billion through the Emergency Rental Assistance (ERA) program in less than
two weeks since $21.6 billion was allocated to the program. A part of the Biden-Harris
Administration’s American Rescue Plan, this $21.6 billion ERA program was allocated to
prevent evictions and ensure basic housing security for millions of Americans impacted by
the a ordable housing challenges exacerbated by COVID-19.
Nearly 7 million Americans reported being behind on rent in the second half of April 2021,
and more than 40 percent of those renters worry that they could be evicted sometime in the
next two months. There are almost 12 million Americans who lack confidence that they can
make next month’s rent. Evictions can have long-lasting consequences for families—
potentially disrupting school, worsening health, displacing neighborhood networks of
support, and making it more di icult to find safe, a ordable housing in the future.
“The pandemic has exacerbated America’s already severe housing a ordability crisis,
threatening the security and livelihoods of families and landlords through no fault of their
own,” said Deputy Secretary of the Treasury Wally Adeyemo. “Treasury is committed to
providing direct, rapid support to those impacted by the COVID-19 pandemic and addressing
the deep disparities in our housing systems that threaten our economic recovery.”
This support will benefit both renters and landlords and make sure states and localities that
have moved quickly to address housing a ordability challenges wrought by the public
health emergency and its negative economic impacts in their areas will continue to have the
resources they need to serve their communities.
Treasury will continue to distribute ERA funds in the coming months. For more information,
visit: https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-andtribal-governments/emergency-rental-assistance-program.

https://home.treasury.gov/news/press-releases/jy0193

1/2

5/21/2021

Treasury Distributes $6.1 billion to Assist Renters and Landlords Through Emergency Rental Assistance Program | U.S. …

####

https://home.treasury.gov/news/press-releases/jy0193

2/2