#644 - Biden Under Fire For Delays On Rental Aid Just 6.5% Distributed As End Of Eviction Moratorium Looms

State and local officials have managed to dole out just $3 billion of the over $46 billion in rental aid allocated by Congress for the coronavirus pandemic, according to Treasury Department data released Wednesday, as the looming expiration of the federal eviction moratorium at the end of this month prompts mounting criticism of the Biden administration’s management of the aid program. 

The Treasury Department reported more than $1.5 billion in assistance was delivered to eligible households in June, more than all the aid delivered over the previous three months combined. 

It was disbursed to 290,000 households, an 85% increase from the 160,000 aided in May and triple the roughly 100,000 served in April. 

The Treasury Department attributed this jump to the progress of cities and states building out the infrastructure they need to more quickly disperse funds.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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