Feds hand out $1.5 billion in rent welfare as eviction moratorium end looms

Source: Yahoo! News

“With a federal ban on evictions scheduled to expire at the end of the month, the Treasury Department is set to announce Wednesday that it has distributed over $1.5 billion in rental assistance across the country in the last month — more than in the last five months combined, according to an administration official. States and cities have struggled to distribute funds to tenants and landlords, and the news comes as the White House is slated to hold its second eviction prevention summit later on Wednesday. More than 11 million Americans — 16% of renters — are still behind on their rent payments, according to analysis by the Center on Budget Policy and Priorities.” (07/21/21)