Treasury Launches $25 Billion Emergency Rental Assistance Program

Treasury Launches $25 Billion Emergency Rental Assistance ProgramImage by Pixabay

WASHINGTON, D.C. — The U.S. Department of the Treasury launched the $25 billion Emergency Rental Assistance Program (ERAP) established by the Consolidated Appropriations Act, 2021.

The ERAP assists households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States (including the District of Columbia), U.S. Territories, local governments with more than 200,000 residents, the Department of Hawaiian Home Lands, and Indian tribes (defined to include certain Alaska native corporations) or the tribally designated housing entity of an Indian tribe (collectively, “eligible grantees”).  Eligible grantees must use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.

“The Emergency Rental Assistance Program will help to keep American families in their homes during this challenging time,” said Secretary Steven T. Mnuchin.  “Treasury is implementing this program with unparalleled speed so our state, local, and tribal partners across the country can provide assistance to families in need.”

READ:  Financial Assistance Available for Pennsylvania Marine Fisheries Industry Impacted by COVID-19

States, U.S. Territories, local governments, and Indian Tribes are now able to enroll in the ERAP through a web portal by providing payment information and accepting award terms. Treasury will begin promptly disbursing funding to eligible grantees as soon as a grantee’s enrollment is complete.

Eligible grantees will be able to use funds disbursed from Treasury to provide assistance to eligible households. An “eligible household” is defined as a renter household that has a household income at or below 80 percent of the area median and in which at least one or more individuals living in the household:

  • qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19; and
  • can demonstrate a risk of experiencing homelessness or housing instability.

Additional details for governments and renters regarding the ERAP can be found at Treasury.gov/CARES.

READ:  Unemployment Payment Boost To Begin In Pennsylvania

Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.

Buy Us a Cup of Coffee
Subscribe
Notify of
guest
2 Comments
Oldest
Newest
Inline Feedbacks
View all comments
Kayla Anderson
Guest
Kayla Anderson
January 12, 2021 7:14 pm

I filled the whole rental assistance application out until the end, where I has to sign the pdf award letter and it wouldn’t let me see the document to sign and send in for rental assistance. The dead line is tonight at 11:59 p.m. How can I receive assistance when I couldn’t finish the application process?

Bobbielynn
Guest
Bobbielynn
January 12, 2021 7:59 pm
Reply to  Kayla Anderson

How do I find applications