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At NAHB’s Urging, Treasury Dept. Releases $21.6 Billion in Emergency Rental Assistance

Earlier this week, NAHB Senior Officers met with HUD Secretary Marcia Fudge to urge the expedited release of billions of dollars of emergency rental assistance and the same request was made to the White House two weeks ago. Today, the Treasury Department announced it is releasing $21.6 billion funding for the second tranche of the Emergency Rental Assistance Program (ERAP). Treasury released its first $25 billion in rental assistance earlier this year.