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ICYMI: In 2022, American Rescue Plan Funding Helped States & Communities Recover

Funding across all 50 states, territories, and Tribal governments includes awards to increase access to high-speed internet, promote small business growth and entrepreneurship, and provide affordable housing opportunities to renters 

WASHINGTON – In less than two years since the passage of the American Rescue Plan (ARP), Treasury has deployed ARP funds to both aid a recovery from the COVID-19 pandemic and support a strong, equitable recovery. Together, these initiatives are giving families, businesses, Tribal leaders, and governments the resources needed to weather the public health and economic crisis, accelerate recovery, and build a stronger foundation for the future.

  • The Emergency Rental Assistance (ERA) program has played a key role in preventing mass evictions and keeping families in their homes. Today, ERA has made over 8 million payments to renters and their families at risk of eviction, with 80% of assistance going to very low income renters – keeping eviction rates below historical averages even after the expiration of the CDC eviction moratorium.
  • Treasury has disbursed over $9 billion through the Homeowner Assistance Fund (HAF) to state, territorial, and Tribal governments, providing a lifeline to homeowners at a time when refinancing or other workout options are limited given prevailing mortgage interest rates.
  • The State and Local Fiscal Recovery Funds (SLFRF) continue to help governments address the public health impacts of the pandemic and meet the needs of their communities through a range of investments, from affordable housing to job training to child care to water and sewer infrastructure.
  • In 2022, Treasury announced the approval of 26 state plans to invest over $3.7 billion of broadband funding under ARP’s Capital Projects Fund (CPF). Together, these states have estimated that this funding will connect more than 936,000 homes and businesses to affordable, high-speed internet.
  • Treasury made significant progress in deploying funds from the American Rescue Plan’s $10 billion State Small Business Credit Initiative (SSBCI). Treasury has now approved plans for 43 states and obligated over 77% of capital funds, and will continue to approve additional plans in 2023.
  • Treasury has also closed and funded over $8.38 billion of investments in 170 community financial institutions across the country through the Emergency Capital Investment Program (ECIP) that provide loans, grants, and other assistance to small and minority-owned businesses and consumers, especially in low-income and financially underserved communities that struggled during the COVID-19 crisis.

Here's how states are using ARP funds to recover from the pandemic and strengthen their communities:

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia

Wisconsin

Wyoming

Territories

Tribal Nations

 

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