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Treasury to send $1B in rental aid funds to high-demand states, cities

The emergency aid effort was plagued throughout last year by bottlenecks at the state and local level, escalating fears about the plight of renters after the Supreme Court halted a federal eviction ban.

As of Nov. 30, state and local governments had spent $17.4 billion of the $46.5 billion in aid, accounting for a little more than 37 percent of the funds.

Ahead of Friday’s announcement, Treasury had begun warning state officials that the amount of new funding requested by states and cities was far greater than what was available to distribute. New York is set to receive just $27 million in new funding after requesting $996 million. It had used about $1.1 billion in federal money as of Nov. 30.

California’s state program, which had spent all of its $1.5 billion first-round allocation as of Nov. 30, will get a little over $50 million in reallocated funds.

Treasury said Friday that state governments in Georgia, Nebraska and Louisiana voluntarily transferred unspent funds to local programs within their borders, as did several other states.

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