More than 16.5% of the tens of billions of dollars in federal rental assistance reached tenants last month, compared with 11% in July.
that states and cities distributed money for nearly 1.4 million payments in August and the pace picked up from the month before.
Treasury officials acknowledged they were not satisfied with the total distribution. But they insisted that what has gone out so far represented meaningful numbers and that the money was having an impact in helping keep families in their homes. Lawmakers approved $46.5 billion in spending on rental assistance but so far states and cities are mostly allocating the first installment of $25 billion, which must be spent by Sept. 30, 2022. Allocation of the second installment of $21.5 billion, can go through through Sept. 30, 2025.
Among cities and counties, New York, Los Angeles and Miami-Dade County in Florida collective reached nearly 27,000 households and spent more than $347 million in August, compared with $800,000 in May.Ohio, which started strong, saw its distribution decline slightly. Kentucky saw a slight drop in spending from $13.1 million in July to $11.9 million in August. Iowa only distributed $7 million in August.
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