Treasury launches $25B Emergency Rental Assistance ProgramTreasury launches $25B Emergency Rental Assistance Programhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=253832021-01-11T06:00:00Z2021-01-11T19:00:00Z

​​WASHINGTON – The U.S. Department of the Treasury has 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 provide​d directly to states, 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.

Eligible grantees must use the funds to provide assistance to eligible households through existing or newly created rental assistance programs. 

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.​

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. 

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Source: U.S. Department of the Treasury 

U.S. Department of the Treasury​
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