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Treasury Issues New Guidance for Emergency Rental Assistance Funds

The program may prove to be a lifeline for landlords suffering from slumping rent collections.

By Lynn Pollack | March 18, 2021 at 07:17 AM

The Treasury Department has released an update to its FAQs regarding the $25 billion Emergency Rental Assistance Program announced on January 5, the latest in a string of guidance to state and local grantees tasked with disseminating rental assistance funds. 

The program, which was designed to help households unable to pay rent and utilities due to the COVID-19 pandemic, will also benefit from an additional $21.5 billion from the American Rescue Plan Act signed into law by President Joe Biden.

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