Treasury Publishes FAQ Document for Emergency Rental Assistance Program

Tuesday, January 19, 2021 - 1:30pm

The U.S. Department of the Treasury today published a frequently asked questions document concerning the Emergency Rental Assistance (ERA) program that was established by the Consolidated Appropriations Act, 2021. The FAQ addresses 14 questions, including definitions, requirements for participation and information required for recordkeeping. The FAQ highlights that tenants of low-income housing tax credit (LIHTC), public housing or Indiana Housing Block Grant-assisted housing are eligible, although there are limitations on what costs the ERA funds can pay.

Novogradac provides guidance for property owners through its LIHTC and public housing authority practices.