United States

Treasury to send $1B in rental aid funds to high-demand states, cities

The Treasury Department is shifting more than $1.1 billion in pandemic rental assistance to states and cities that spent the first round of aid quickly, the department said Friday, as it clawed back aid that went unused.

California, New Jersey, New York and the District of Columbia will each receive tens of millions of dollars pulled from governments with low disbursement rates. Numerous cities, towns and tribes will also receive additional money as Treasury reallocates unspent funds from the first $25 billion pot of the $46.5 billion rental relief program authorized by Congress to keep people housed during Covid-19.

Treasury said more than 75 percent of the reallocations were voluntary transfers between aid programs within the same states. The department did not release details on states and cities that lost money involuntarily.

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