Treasury: November Saw Highest Disbursement of Rental Aid

Gene Sperling, who leads the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package, speaks during the daily briefing at the White House in Washington, on Aug. 2, 2021. Susan Walsh/AP Photo

States and localities in November paid out the largest amount of rental assistance to cash-strapped tenants since a federal program began, the Treasury Department said in a statement Friday.

The $2.9 billion paid out is the latest sign that the program’s early hiccups have been mostly been resolved and it is now turning to helping those places running short of cash.