Treasury’s emergency rental assistance (era) programs have collectively provided communities over $46 billion to support housing stability for eligible renters throughout the covid-19 pandemic. · closing the housing affordability gap will require a comprehensive housing strategy, including developing new units, preserving existing affordable housing , and expanding rental assistance. · we asked two rand experts to bring us up to speed on the housing issues and discuss the policies and proposals that might ease the historically tight housing market for buyers and renters alike. · those with deeper pockets—higher incomes and more wealth—can afford higher rents if they do not buy, leaving lower-income renters to fight over an insufficient pool of available rental. · an estimated nationwide shortage of 4 to 7 million homes has pushed rents to all-time highs, with a record share of americans spending more than 30% of their income on rent. Expanding the housing choice voucher program would most immediately help renters absorb cost increases. The funds can also pay up to $500 for court. · tenants and landlords can apply for up to $15,000 in emergency rental payments, which can be applied to past-due rent dating back to march 2020. · the president is considering a national housing emergency declaration in the coming months, treasury secretary scott bessent said.

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