Treasury Latest Guidance on Rental Assistance Funds

AANC News ,

Treasury Latest Guidance on Rental Assistance Funds

The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic.  The funds are provided directly to States, U.S. Territories, local governments, and Indian tribes.  Grantees use the funds to aid eligible households through existing or newly created rental assistance programs.

On February 22, 2021, Treasury revised its FAQs for Emergency Rental Assistance. The revised FAQs supersede the previous FAQs provided by the Trump Administration.  The Treasury Department also plans to develop full program guidance to compliment the latest revisions soon.