Less Than 10% of $45 Billion Rental Assistance Pot Has Reached Renters in Need
States have been slow to distribute rent relief funds. That’s hurting tenants and landlords alike.
Millions of Americans have been behind on their rent since last year, when the pandemic spurred a huge wave of unemployment and income loss. Normally, tenants who don’t make their housing payments can be evicted on that basis alone. However, the CDC put a ban on evictions into place last year to prevent a wave of homelessness.
That ban was allowed to expire at the end of July. However, a new eviction ban was then instituted in early August that protects the overwhelming majority of the country’s renters through early October.
That last-minute eviction ban was a lifeline for tenants who otherwise faced dire consequences. But it left landlords in the lurch once again.