Rental Assistance Tag Archives

Treasury’s ERA2 Guidance: Significant Changes to Landlord Response Time, Self-Attestation & Federally Assisted Households

The Department of the Treasury allocated an additional $21.55 billion in emergency rental assistance funds to the states and communities from the American Rescue Plan Act. The new funds (ERA 2) set aside $2.5 billion for eligible grantees with a high need based on the number of very low-income renter households paying more than 50 […]

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New York’s COVID-19 Emergency Rental Assistance Program of 2021

On April 16, 2021, New York Gov. Andrew Cuomo signed into law the COVID-19 Emergency Rental Assistance Program of 2021 (the “2021 Act”).  The 2021 Act allocates $2.45 billion in rental relief for New York households, including $2.35 billion in federal funds and $100 million in state funds.  Each state or other jurisdiction receiving federal funds is charged with administering those funds through new or existing rental assistance programs in that state or jurisdiction. This advisory provides a general background on the current need for rental assistance and New York’s previous attempt at rent relief, describes the relevant details of the 2021 Act, and highlights what is next with respect to rental assistance.

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Treasury Updates Emergency Rental Assistance FAQ

On March 16, the U.S. Department of Treasury updated its Frequently Asked Questions (FAQ) document regarding the administration of $25 billion in emergency rental assistance. The updated FAQs address questions regarding rental security deposits, hotel and motel stays, rent-to-own agreements and manufactured housing. Treasury is expected to release additional updates in the coming weeks.

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