Roughly 71% of rental assistance funds remained unspent by the end of October, but the Biden administration says it’s likely the aid will run dry in several major cities and populous states by the end of the year. AdvertisementBy the end of October, states and cities reported spending $13.5 billion of the nearly $46 billion rental assistance funds approved by Congress. (Congress passed two rounds of rental assistance funding, one under former president Donald Trump, and a second under President Joe Biden.) Per Treasury’s report, West Virginia has only dispersed 16% of its first round of rental assistance, reaching less than 2,000 households. Congress did give the administration the power to reallocate money away from states that haven’t used their funds to states with backlogs.

Source: Huffington Post November 30, 2021 18:30 UTC