National Association of Counties
On January 24, the U.S. Department of the Treasury (Treasury) announced that 89 state and local grantees have been awarded $690 million in reallocated funds under the second round of Emergency Rental Assistance Program (ERA2) funding to assist renters facing financial hardship. To date, Treasury has reallocated over $3.5 billion of ERA funds, redeploying funds to areas with high demonstrated need and creating an incentive for communities to expeditiously connect households and families with this federal aid.
Early in the deployment of the ERA program, Treasury established a series of benchmarks for spending ERA funds, reallocating unused funds to grantees with demonstrated need and program capacity. Treasury prioritized the reallocation of funds within each state to grantees with demonstrated need so that, where possible, the same pool of renters in need could benefit from funds even if a local or state program struggled administratively to implement the program rapidly.
ERA grantees also have the option to reallocate their funds voluntarily. For example, if a state program was successful in quickly deploying funds to the residents of a specific county, that county could decide to work with Treasury to voluntarily send its funds to the state ERA program—or vice versa.
The following 37 counties were awarded reallocated $98.61 million in ERA funds:
12 counties received $221.9 million in voluntarily reallocated ERA funds from the following grantees:
Through the reallocation process, ERA funds that could have otherwise gone unused are deployed to areas with high demonstrated need. Studies have also shown that the distribution of ERA funds has gone to low-income and/or traditionally underserved renters of color. NACo will continue to monitor updates regarding the ERA program and reallocation process.
<p>Economic mobility refers to changes in an individual’s economic status over a lifetime and across generations—usually measured in income.
<p>Responsible for all matters pertaining to housing, community and economic development, public works, and workforce development including the creation of affordable housing and housing options for different populations, residential,
With American Rescue Plan funds, counties are strengthening America’s workforce, addressing the nation’s behavioral health crisis, expanding broadband access, improving housing affordability and building prosperous communities for the next generation.
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