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 Member Update
OUR ANALYSIS OF HOUSING RELIEF
OPROVIDED UNDER THE AMERICAN
RESCUE PLAN ACT
n March 11, 2021, President assistance to remain available until September Biden signed the American 30, 2027.
Rescue Plan Act of 2021 (ARPA). First and foremost, ARPA includes $21.55 billion in dedicated emergency rental assistance funding, which
• $2.5 billion set aside for “high-need communities”.
• $30 million for administrative costs and technical assistance.
continues federal support of state and local rental • $3 million for Inspector General oversight.
assistance programs across the country. Combined with the $25 billion in rental assistance funding allocated in the Consolidated Appropriations Act of 2021, these funds are a significant step forward in closing the growing “gap” of tens of billions of dollars of outstanding rental debt that have accumulated during the pandemic. Simply put, the funds are a lifesaver for both renters and housing providers who have been hardest hit.
Additionally, the new law does not extend the federal eviction moratorium that remains in place until March 31, 2021. The following summarizes the “key” aspects of the ARPA with regard to housing relief:
EMERGENCY RENTAL ASSISTANCE PROVIDED
• $21.55 billion total emergency rental
• Not less than 40 percent of grantees’ allocation must be disbursed within 60 days.
• Rules for Grantees:
o Up to 10 percent of grantees’ allocation may be used for housing stability services.
o Up to 15 percent of grantees’ allocation may be used for administrative costs.
o Up to 18 months in assistance may be provided per household (under the Consolidated Appropriations Act or “CAA” and American Rescue Plan Act funds combined).
The funding covers rent, rent arrears, utility costs and arrears and other housing costs as defined by Please turn to page 53
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