Real Estate

Treasury Department gives out $6 billion to help renters

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Residential buildings in the East Village neighborhood of Manhattan in New York City.

James Andrews | iStock | Getty Images

The Treasury Department announced on Friday that it’s disbursed more than $6 billion to states to help renters and landlords struggling because of the coronavirus pandemic.

Between the last two major stimulus packages, Congress has allocated more than $45 billion in rental assistance. States now have access to more than $30 billion of that money, and the rest is supposed to be available over the next few months.

With the national eviction ban set to expire in weeks, housing advocates say it’s vital the funds are given out quickly.

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Source cnbc.com

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