On January 19, the U.S. Treasury published a Frequently Asked Questions (FAQ) regarding the $25 billion Emergency Rental Assistance Program (ERAP), approved in the COVID-19 relief package signed into law December 27. These FAQs answer 14 questions and provide information on participation requirements, recordkeeping and definitions.
The FAQ outlines criteria for both prospective rent, rental arrears, utilities and home energy costs. Specifically, the following are among some provisions included:
Read more...Treasury Releases Emergency Rental Assistance Frequently Asked Questions via NMHC