Billions In Rent Assistance Money Withheld From Millions Facing Eviction
Out of the $46.5 billion in funding provided for rental assistance under two bailouts enacted in December 2020 and March 2021, the vast majority has not been distributed, with only an estimated $3 billion of the funds being distributed as of August 3 according to CNBC, while millions are at risk of eviction or foreclosure.
According to the Eviction Lab, in the six states and 31 cities tracked by it, 480, 456 evictions have taken place during the pandemic. In just those areas alone, 6,108 evictions were filed in the last week. This is in spite of the announcement on August 3 by the Centers for Disease Control and Prevention (CDC) of the extension of the eviction moratorium to October 3 for counties “experiencing substantial and high levels of community transmission levels.”