Treasury Releases List of Emergency Rental Assistance Program Grantees
The U.S. Department of the Treasury today posted a list of state and local governments that will receive grants through the Emergency Rental Assistance (ERA) program. The ERA program is part of the fiscal year 2021 spending legislation and will provide $25 billion to assist renters in paying unpaid rent and utilities. The list of grantees released by Treasury includes states and grantees within the states. The list does not include tribes or territories/possessions. Awards range from $2.6 billion for California communities to the minimum of $200 million for 17 states and the District of Columbia. Grantees must expend at least 90% of their funds on rent, rental arrears, utilities/home energy costs and utilities/home energy costs arrears. This assistance can last up to 12 months with an additional three months if necessary to ensure housing stability.
Novogradac provides Emergency Rental Assistance program services including consultation and technical support for eligible grant recipients. Tune into the Feb. 9 episode of the Novogradac Tax Credit Tuesday Podcast to learn more about the ERA program.