Real Estate

Several states have run out of federal rental assistance

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Austin, Texas.

Ryan Martinez | Moment | Getty Images

Several states have stopped accepting applications for federal rental assistance.

The programs in New Jersey, New York, Oregon and Texas, as well as Washington, D.C., are either closed or on hold, leaving many struggling renters cut off from their only hope of paying off their debt and staying in their homes.

Congress allocated more than $45 billion in rental assistance in stimulus packages passed in December 2020 and March 2021. That funding was unprecedented: Just $1.5 billion was earmarked for renters during the Great Recession.

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Source cnbc.com

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