November Set New ERA Record as Evictions Remained Below Pre-Pandemic Levels

Using Treasury Department funding, state and local governments provided a record amount of emergency rental assistance (ERA) to a record number of people in November— $2.9 billion to approximately 665,000 renters and landlords.

Meanwhile, the Biden administration’s efforts to prevent evictions have helped eviction filings remain well below pre-pandemic levels. In the four full months since the end of the federal eviction moratorium in August, eviction filings have remained below 60% of historical levels.

The Consolidated Appropriations Act of 2021 (ERA1) and the American Rescue Plan (ERA2) made more than $46 billion available for emergency rental assistance. Treasury projects that up to 65% of ERA funds (approximately $25 to $30 billion) were spent or obligated by the end of 2021.

Treasury began reallocating ERA funds in the fall. In the first round of voluntary reallocation, it shifted more than $1 billion within states or to high-demand programs.

Now, Treasury has begun the second round of ERA1 reallocations. The deadline for submitting a request for the second round of reallocated funds is January 21 .

By statute, the process for reallocating ERA2 funds will not begin until March 31. Treasury will publish separate guidance for this reallocation.

Read the full announcement here .

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