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Update on the Stimulus: $15 Billion in Emergency Rental Assistance Is Now Available — Here’s How to Get It!

Emergency rental aid has been disbursed at a breakneck pace in recent months, with nearly $30 billion of the $46.6 billion programme disbursed in February alone. That leaves about $15 billion in the bank.

You might want to get moving on the ages passed by Congress in December 2020 and March 2021. The US Treasury Department announced last month that the money will most certainly be depleted by mid-2022.

The funds are offered to financially stressed renters who are behind on their rent and are facing eviction.

According to CNBC, at least one member of your home must be unemployed or swear in writing that they have lost income or faced considerable expenses as a result of the COVID-19 outbreak.

You must also show that you are at risk of being homeless, which could include a notice of past-due rent or utilities bills.

Americans Cannot Afford an Emergency Without the Financial Security of Stimulus Checks (1)

To be eligible for emergency rental assistance, your income must not exceed 80% of the median income in your area.

However, certain states have been told to prioritise applicants with a 50 percent or lower unemployment rate, as well as those who have been unemployed for 90 days or more.

Although the federal government administers the emergency rental assistance programme, money are distributed at the state and municipal levels.

To apply, go to the website of the National Low Income Housing Coalition, which has a state-by-state list of hundreds of organisations that distribute the funding to eligible candidates.

You’ll be provided with links to help you navigate the application process in your region. Another alternative is to apply for assistance through the Consumer Financial Protection Bureau’s web site.

Those who qualify normally receive rental assistance for 12 to 18 months, with a mix of funds for back and future housing payments.Goodbye, Stimulus Nearly Half of Americans Now Feel Financial Insecurity (1)

If you’ve previously gotten rental assistance but have now fallen behind on your payments, you can reapply as long as you request coverage for a different time period.

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Your landlord is usually the recipient of the funds. Whether your landlord refuses to co-operate, contact the agency where you applied to see if the cash might be transferred to you directly.

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