Emergency Rental Assistance Program Surpasses 2.5 Million Payments to Renters and Landlords in October

The Department of Treasury released a Press Release on November 29 with October Emergency Rental Assistance data. According to Treasury, assistance was provided to more than 521,000 renters and landlords, bringing the total number to more than 2.5 million payments and $2.8 billion in funds paid through ERA programs.

Treasury said that the new data indicates that approximately $25 to $30 billion of the combined ERA1 and ERA2 funds will be spent or obligated by the end of the year, crediting new flexibilities adopted in recent months with helping to disburse the funds quicker. Some states, including New York, Oregon and Texas, have already obligated their total allocation or anticipate doing so based on pending applications.