Nov 6, 2023 To help meet this need, Congress created the Emergency Rental Assistance program in December 2020, making $25 billion available to state and local governments to help households pay rent or utilities. As of August 31, 2021, 1.4 million households have received $7.1 billion in rental assistance.
Treasurys Emergency Rental Assistance (ERA) programs have collectively provided communities over $46 billion to support housing stability for eligible renters throughout the COVID-19 pandemic. Participating governments have leveraged ERA funding to make over 10 million assistance payments to renters facing eviction, and research has shown ...
Dec 20, 2022 Recommendations. Full Report. GAO Contacts. Fast Facts. Through the $46 billion Emergency Rental Assistance program, the Department of the Treasury helps those who can't pay rent due to the COVID-19 pandemic. Third party studies and eviction data suggest that the program has helped limit evictions.
The Department of the Treasury administers the Emergency Rental Assistance (ERA) program, which provides nearly $46.55 billion to tribal, state, territorial, and local governments (grantees) to help low-income households affected by the COVID-19 pandemic pay rent and utilities.
Mar 22, 2023 But through the Emergency Rental Assistance (ERA) programcreated as part of the Consolidated Appropriations Act, 2021 and dramatically expanded by the American Rescue Planthe Biden-Harris Administration put forward an unprecedented response to the eviction crisis the pandemic exacerbated.
While rental assistance programs under the initial Emergency Rental Assistance Plan ERA1 required an offer of assistance to landlords before reaching out to renters, today the Biden-Harris Administration has made clear that the new funds from the American Rescue Plan (ERA2) can be used to provide assistance to renters first and immediately.
The Department of the Treasury administers the Emergency Rental Assistance (ERA) program, which provides nearly $46.55 billion to tribal, state, territorial, and local governments (grantees) to help low-income households affected by the COVID-19 pandemic pay rent and utilities.
Sep 2, 2022 From December 2020 to March 2021, Congress allocated approximately $46 billion to fund Emergency Rental Assistance programs to aid struggling renters during the COVID-19 pandemic. 1 While the US Department of the Treasury manages the program at the federal level, implementation, funds administration, and operations occur at the state and local l...
guidance concerning emergency rental assistance programs The widespread economic impact of the COVID-19 pandemic has affected individuals and families who have fallen behind on rent and landlords who rely on rental income to meet their own expenses.
Jan 7, 2021 WASHINGTON On January 5, 2021, the U.S. Department of the Treasury launched the $25 billion Emergency Rental Assistance Program (ERAP) established by the Consolidated Appropriations Act, 2021. The ERAP assists households that are unable to pay rent and utilities due to the COVID-19 pandemic.
Pandemic Oversight - Home | Pandemic Oversight. Read our report on six communities experiences with pandemic funding and programs, which provides valuable lessons learned to improve federal emergency response programs. Pandemic Oversight - Home. Overseeing more than $5 trillion in pandemic-related programs and spending is a big job.
Congress appropriated $46.55 billion to the Department of the Treasury for the Emergency Rental Assistance (ERA) program to address financial and housing instability caused by the Coronavirus Disease 2019 (COVID-19) pandemic.1 The ERA program makes funding available to state, territorial, tribal, and local governments (grantees), which are to us...
We reviewed the funds appropriated by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the American Rescue Plan (ARP) Act for the Tenant-Based Rental Assistance (TBRA), Project-Based Rental Assistance (PBRA), HOME Investment Partnerships, and Public Housing Operating Fund programs to identify the fraud risks and potential fraud...
Jun 14, 2022 The Emergency Rental Assistance Program or ERAP transformed the conversation on evictions and rental aid. Whats next? Pandemic rental assistance upended conventional wisdom on...
A grantee must document that one or more members of the applicants household either (i) qualified for unemployment benefits or (ii) experienced a reduction in household income, incurred significant costs, or experienced other financial hardship due, directly or indirectly, to the COVID-19 outbreak.
Emergency Rental Assistance Helped Prevent Evictions, But Oversight of Payments Was Limited | U.S. GAO. Posted on December 20, 2022. Congress twice authorized the use of Emergency Rental Assistance, totaling $46.55 billion in aid, to help those impacted by periods of economic instability caused by COVID-19.
Emergency Rental Assistance (ERA) provided OIG $6.5 million of no year funding for monitoring, oversight, and recoupment of funds related to the ERA program. The American Rescue Plan Act of 2021 (ARP) provided an additional $3 million to OIG to perform oversight of the ERA program. In addition, ARP
Feb 10, 2022 At the end of November 2021, state and local governments (grantees) that administer local Emergency Rental Assistance (ERA) programs had spent about $17.4 billion of the $46.55 billion appropriated to the program, according to GAO's analysis of the most recent Treasury data available.
Mar 5, 2024 The Department of the Treasury (Treasury) is providing these frequently asked questions (FAQs) as guidance regarding the requirements of the Emergency Rental Assistance program (ERA1) established by section 501 of Division N of the Consolidated Appropriations Act, 2021, Pub. L. No. 116-260 (Dec. 27, 2020) and the Emergency Rental Assistance prog...
Nov 6, 2023 Read our report on six communities experiences with pandemic funding and programs, which provides valuable lessons learned to improve federal emergency response programs.
Publicly Released: Jan 27, 2022. Jump To. Highlights. Recommendations. Full Report. GAO Contacts. Fast Facts. In our 9th comprehensive report on the COVID-19 pandemic, we provide updates on topics like pandemic emergency rental assistance and tax relief for businesses.
To meet this need, the Emergency Rental Assistance program makes funding available to government entities to assist households that are unable to pay rent or utilities. Learn more about funding to state, local, territorial, and Tribal governments for Emergency Rental Assistance.
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