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Federal Aid Is Failing to Reach Renters as Eviction Ruling Looms

NYC Residential Real Estate Looks To Rebound As Covid-19 Restrictions Loosen
Photographer: Jeenah Moon/Bloomberg

State and local governments continued to struggle to disburse emergency rental assistance in July despite ramped-up efforts from the Biden administration to expedite payments.

Just $1.7 billion was released last month, bringing the total so far to $5.1 billion of the $46.5 billion appropriated by Congress to prevent evictions amid the Covid-19 pandemic, according to the U.S. Treasury Department.