New Rental Assistance Guidelines Releases Money Directly to Tenants

This month the US Treasury Department released an additional $21.6 billion under the American Rescue Plan for Emergency Rental Assistance. This funding follows on the heels of $25 billion in emergency rental assistance under the Consolidated Appropriations Act in December. 

In response to industry concerns, the Biden administration has also released new guidelines to local agencies administering the programs to ease the rental assistance process. Most notably, for the first time, emergency rental assistance from the American Rescue Plan must be offered directly to renters when landlords don’t participate in the program.