Real Estate

Eviction ban about to expire, little assistance reaches renters

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The national ban on evictions is scheduled to be lifted at the end of the month, yet just a sliver of the $45 billion in assistance allocated by Congress has gone out to renters behind on housing payments.

The first round of rental aid was authorized by Congress in December, and by February the U.S. Department of the Treasury had disbursed the full $25 billion to states. In March, Congress allocated another $21 billion in aid for renters and their landlords, and states have so far received around $8.6 billion of that money.

Despite those historic funding levels, however, government data shows that just around $1.5 billion had reached renters by the start of…



Source cnbc.com

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