Orange County set to lose $23 million of emergency rental assistance - FORECLOSURE FRAUD

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Orange County set to lose $23 million of emergency rental assistance

Orange County set to lose $23 million of emergency rental assistance

ORANGE COUNTY, Fla. – More than a year after receiving nearly $16 million of federal funds for emergency rental help, Orange County has yet to distribute any of it to residents facing housing instability, according to an internal memo the county provided to Spectrum News.

And because it’s a slow-spending emergency rental assistance program (ERAP) per U.S. Treasury guidelines, Orange County stands to miss out on an additional $23 million it was originally promised. This is money that could have helped more vulnerable renters stay stably housed.

That money, part of Orange County’s American Rescue Plan allocation, is called “ERA2,” the second, and more flexible, batch of emergency rental help funds granted to states and localities during the coronavirus pandemic.

Struggling renters can more easily qualify for ERA2 money than ERA1, and theoretically should be able to receive help more quickly, because of the direct-to-tenant payment requirement.

To continue reading the rest of the article, please click on the source link below:

https://www.mynews13.com/fl/orlando/news/2022/06/06/orange-county-set-to-lose-23-million-emergency-rental-assistance

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