DeSantis Provides Details on Fed’s Rental Assistance Program
Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Fla. will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”
TALLAHASSEE, Fla. – Florida Governor Ron DeSantis announced Florida submitted confirmation to the United States Department of the Treasury that it will take part in the Emergency Rental Assistance Program established under federal COVID-19 relief legislation signed into law on Dec. 27, 2020.
The program provides $1.4 billion in emergency rental assistance to Floridians, of which the state will receive and distribute about 60% (more than $850 million), according to DeSantis in a release. However, final allocations haven’t been released yet, and the amount remains an estimate.
The rest of the anticipated money (about $550 million) will be distributed directly by cities and counties with a population of 200,000 and greater, with the funds sent directly to them from the U.S. Department of the Treasury.
According to DeSantis, the following criteria applies for those requesting assistance:
- Qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19.
- Demonstrates a risk of experiencing homelessness or housing instability.
- Has a household income at or below 80 percent of the area median income, with priority given to households below 50 percent of the area median income.
The governor expects fund disbursement under the Emergency Rental Assistance Program to occur in the coming weeks. He says additional information will be released after the federal government provides more guidance.
For more information about the Emergency Rental Assistance Program, visit the U.S. Department of the Treasury’s website.
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