NAHMA Update: Treasury Issues New FAQs for Emergency Rental Assistance Program; $21.6 Billion Allocated to State/Local GovernmentsMay 7, 2021 Dear NAHMA Members, Today, the Department of Treasury has published frequently asked questions (FAQs) to be used as guidance for the Emergency Rental Assistance Program (ERAP 1 enacted on December 2020 and ERAP 2 enacted on March 2021). The new guidance is intended to enhance the effort to prevent evictions and to ensure those requiring new housing have the financial support needed while addressing complaints of a funding bottleneck at the state and local levels. To view the attached Treasury FAQs on the Emergency Rental Assistance Program, click here. The Treasury Department also announced today that the second tranche of the Emergency Rental Assistance Program funding — $21.6 billion included in the relief package Congress passed in March 2020 — has been allocated to state and local governments to distribute to residents in need. To view the attached Treasury fact sheet on the additional financial support available, click here. These latest resources and guidance represent an all-of-government approach that leverages authorities and agencies across the entire Administration, including the Department of the Treasury, the Department of Housing and Urban Development, and the White House American Rescue Plan Implementation Team. |