Due to the pandemic-driven economic recession, the federal government has been forced to respond to the sharp rise in housing challenges Americans have faced. This federal intervention is a critical lifeline for millions of Americans who are in danger of losing their homes. However, states across the country have faced challenges in distributing those funds to their residents. Recent data from the Treasury Department shows that only about eleven percent of the $46.5 billion allocated by Congress has been spent. In large states like New York, one of the places having many challenges in distributing funds, there is the possibility of financial disaster given the high concentration of renters and high cost of living.
States under time crunch to provide housing assistance: How to fix it (brookings.edu)
