Real Estate

The number of struggling renters isn’t dropping

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The end of eviction protections combined with the snail-paced distribution of federal rental assistance means that the struggles for renters aren’t going away anytime soon.

More than 6 million households remain behind on rent payments, a figure that has only worsened of late, despite Congress’ unprecedented allocation of funding for renters in distress.

That $45 billion in aid has been bafflingly slow to reach families.

By the end of August, just around $5 billion had been spent, even though the funding was approved in stimulus packages passed in December and then March. Fewer than 1 million households had been helped.

Even as the worst of the pandemic appears…



Source cnbc.com

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