Keeping Families in their Homes
Treasury’s Emergency Rental Assistance (ERA) program has provided communities over $46 billion to support housing stability throughout the COVID-19 pandemic.
Participating governments have leveraged ERA funding to make over 10 million assistance payments to renters facing eviction, and research has shown that ERA assistance has supported low-income renters and renters of color. Combined with other Administration initiatives, Treasury’s ERA programs have helped to prevent millions of evictions since the onset of the pandemic.
Two separate ERA programs have been established: the ERA1 program was authorized by the Consolidated Appropriations Act, 2021 and provided $25 billion to assist eligible households with financial assistance and housing stability services. The ERA2 program was authorized by the American Rescue Plan Act of 2021 and provides $21.55 billion to assist eligible households with financial assistance, provide housing stability services, and as applicable, to cover the costs for other affordable rental housing and eviction prevention activities. ERA funds are provided directly to states, U.S. territories, local governments, and, in the case of ERA1, Indian Tribes or their Tribally Designated Housing Entities.
- Reporting: October 16, 2023, Treasury released ERA2 Cumulative Program Data: Q2 2021 – Q2 2023.
- Promising Practices: On October 16, Treasury published a resource to assist local, state, territorial, and Tribal governments in effectively using American Rescue Plan funds to help more households stay in their homes.
- Reporting: August 25, 2023, Treasury released ERA2 Cumulative Program Data: Q2 2021 – Q1 2023.
- Reallocation: On July 26, 2023, Treasury released an update regarding the optional ERA2 Final Undrawn Funds Assessment.
- Promising Practices: On June 28, Treasury updated the Intentional Landlord Engagement Promising Practice, and added the Intentional Tenant Engagement Promising Practice.
- Guidance: On May 19, OMB published the Compliance Supplement. To view the relevant section on the Treasury website please see the 2023 ERA Compliance Supplement
- Reporting: On May 16, Treasury released additional ERA1 Disaggregated Demographic Data for Q1 2021 through Q4 2022
- FAQs: On May 10, Treasury updated its FAQs to address the use of self-attestation alone following the expiration of the public health emergency
- Notice: On May 3, Treasury released a notice regarding ERA1 assistance provided during the month of December 2022
- October 23: On October 23, Treasury released a report providing new evidence that the recovery from the economic harm of the COVID-19 pandemic was the most equitable recovery in recent history, supporting the housing stability of homeowners and renters alike. Building on these findings, the Biden-Harris Administration announced efforts to expand economic opportunity for communities of color and continue to close the racial wealth gap at the Annual Freedman’s Bank Forum.
- October 16: FACT SHEET: New Treasury Department Data Illustrates How American Rescue Plan Resources Are Expanding Access to Affordable Housing and Keeping Families in their Homes.
- April 27: READOUT: Treasury Department Convenes Roundtable to Discuss the American Rescue Plan’s Historic Investments in Rental Assistance for AANHPI Communities
- April 13: Treasury Department Announces Over $520 Million to be Reallocated to Prevent Eviction
- March 22: At Low Income Housing Forum, Deputy Secretary Adeyemo Announces Nearly 10.8 Million Emergency Rental Assistance Program Payments to Families at Risk of Eviction
- February 15 New Treasury Data Shows Emergency Rental Assistance Program Made Nearly 10 Million Payments to Families at Risk of Eviction