The U.S. Department of Treasury has announced the reallocation of $690 million under the Emergency Rental Assistance Program (ERA) to help those facing financial hardship avoid eviction.
According to a Treasury Department press release from Jan. 24 they have reallocated more than $3.5 billion for the ERA program and have made more than 8 million unique household payments for families who are at risk of losing their homes.
Treasury stated that the billions of dollars might have otherwise gone unused.
Sending the funds to areas where there was a perceived need has created an incentive for communities to “expeditiously connect households and families with this federal aid.”…