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Biden Administration to Redirect Rental-Assistance Funds to Areas with Greater Demand

Treasury plans to move money from some states, localities to those with backlogs of requests.

The Treasury Department is redirecting rental-assistance money from some states and localities that haven’t used the bulk of their funds to others facing backlogs of aid requests, according to administration officials.

The officials said they couldn’t specify which jurisdictions would lose and gain funds. But they said those with large amounts of unused funds include rural states—like Montana and North Dakota—while local officials in several more populous states—like New York and Texas—are expected to exhaust their
rental-assistance money over the coming week and months.

Officials said an initial reallocation, set to be unveiled in early December, could exceed $800 million and come at the request of states and localities that acknowledge they have more money than they can spend. Much of that money may be moved within states, rather than from one state to another—for
instance, from a state-run program to a city-run program, or vice versa…Read more.