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The U.S. Department of the Treasury reported on Monday, Nov. 29, that state and local governments offered rental assistance to more than 521,000 renters and landlords in October through the ...
Federal funds earmarked for emergency rental assistance have been disbursed at a rapid clip in recent months, with about $30 billion of the $46.6 billion program being sent out in February alone.
A federal rental assistance program implemented to help struggling families during the COVID-19 pandemic is running short of money after barely more than a year, leaving renters in some parts of ...
Enacted in 1965 [23] and 1968, [24] respectively, the Rent Supplement (Rent Supp.) and Rental Assistance Payment (RAP) programs are both rental assistance programs governed by contracts between private owners and HUD. While both programs' funding platforms are in this way similar to the project-based section 8 HAP, neither program is a section ...
Additionally, emergency shelters for the homeless were expanded, and home ownership by low-income families was promoted to a greater degree. [20] In 1990, President George H. W. Bush signed the Cranston-Gonzalez National Affordable Housing Act (NAHA), which furthered the use of HOME funds for rental assistance. In his address upon its passage ...
In response, government programs such as the Emergency Rental Assistance (ERA) program were introduced to provide temporary financial relief to tenants. However, the long-term impact of the pandemic on housing security remains a concern, particularly for low-income and minority communities disproportionately affected by housing instability.