Groups that haven’t spent at least 30% of the amount may lose it
A Treasury official said the move would formalize steps that for months Treasury officials have encouraged program grantees to accelerate aid to struggling renters. Those steps would help promote participation in some communities and help the agency determine whether funds would be better spent in other communities that have done a better job of distributing funds and seeing higher demands for relief. have continued, such as in Houston and Philadelphia, the official said.
The rental-assistance program, the largest in US history, has been hit by delays and cumbersome paperwork and has given only a fraction of the promised assistance to renters and landlords grappling with the effects of the COVID-19 pandemic.
Since last December, Congress has appropriated a total of $46.6 billion to help tenants who are behind on rent. As of August 31, $7.7 billion had been distributed, the Treasury Department said last month.
Kate Davidson at [email protected]