WASHINGTON—The U.S. Treasury Department on Friday said it has allocated an additional $21.6 billion for rental assistance under President Joe Biden’s coronavirus rescue package, adding new rules aimed at assisting more renters directly.
The Treasury said that new guidance to local agencies administering rental assistance programs allows them for the first time to offer aid directly to renters first, before offering it to landlords. It also now requires that aid funds must be offered directly to renters when landlords do not participate in such programs.
