Real Estate

This map shows how much rental assistance states have distributed

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The economy is improving from the worst of the coronavirus pandemic, but the situation for struggling renters isn’t. For the last six months or so, more than 11 million renters have reported being behind.

That lack of progress is largely due to how slow states have been to get federal rental assistance out to people in need. In the last two major stimulus packages, passed in December of last year and then in March, Congress allocated a combined total of $46 billion for renters and their landlords.

Yet just around $4.2 billion of that money has reached households, according to a new analysis by the National Low Income Housing Coalition.

Renters are seeing the aid faster in some states than…



Source cnbc.com

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