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The Treasury will release more rent aid to avoid evictions

The slow delivery of aid has become an even more pressing issue for the Biden administration after the Supreme Court overturned a nationwide deportation ban last month.

The first $ 25 billion in rent assistance passed by Congress in December was allocated entirely from the treasury to state and local programs. The department also allocated $ 8.6 billion of the second tranche of funding, leaving about $ 13 billion still in federal coffers.

“The Treasury is pleased to provide these state and local government programs with additional resources to support Americans in need of rent assistance,” Assistant Secretary of the Treasury Wally Adeyemo said. “We are also committed to reallocating resources to ensure that help reaches struggling tenants and landlords during the pandemic. “

The Treasury said nearly 50 recipients had spent more than 70% of their first allocations as of July 31.