Jul 21, 2021 - Politics & Policy

Treasury distributed over $1.5 billion in rental assistance in June

Kierra Frazier

The U.S. Treasury Building, photographed on Friday, July 16, 2021 in Washington, DC. — Photo: Kent Nishimura / Los Angeles Times via Getty Images

The Treasury Department announced Wednesday that it distributed over $1.5 billion in rental assistance across the country in June before the national moratorium on evictions expires July 31.

Why it matters: The number of households assisted in June grew by almost 85% over the previous month and nearly tripled since April. But, in some states and cities, funds still aren't flowing fast enough to renters and landlords who don't have the infrastructure in place.

The big picture: The Treasury Department attributes the 85% growth in rental assistance to local communities who've established a system for handling the money to distribute it quickly.

In June, 290,000 households were served, up from 160,000 served in May and approximately 100,000 in April.

What's next: The Treasury Department will participate in the White House's second virtual convening on eviction prevention with over 2,000 local officials, landlord and tenant advocates, legal experts and more. Speakers at the summit will answer questions and raise awareness about emergency rental assistance.

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Treasury distributed over $1.5 billion in rental assistance in June

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