Treasury Updates ERA FAQs as Funds Start Rolling Out

The U.S. Department of the Treasury recently announced that it has distributed $6.1 billion through the Emergency Rental Assistance (ERA) program in less than two weeks since $21.6 billion was allocated to the program through funding provided by the American Rescue Plan Act of 2021. The program is intended to prevent evictions and ensure basic housing security for Americans affected by the COVID-19 pandemic. This second iteration of the ERA program was created on March 11 when President Biden signed the legislation into law.