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Additional $21.6 Billion in Emergency Rental Assistance Allocated

Friday, May 7, 2021 - 10:00AM

The U.S. Department of Treasury and the U.S. Department of Housing and Urban Development (HUD) today announced the allocation of an additional $21.6 billion in emergency rental assistance (ERA) allocation. The allocations are made under the American Rescue Plan for Emergency Rental Assistance. New policy guidance released with the allocation requires for the first time that the assistance be offered directly to renters whose landlords do not accept payment. The allocation also includes $2.5 billion to the highest-need areas. Treasury released a fact sheet with details.

Novogradac’s Emergency Rental Assistance team can assist grantees and grant recipients in navigating the ERA program.

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