• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Finance

Renters got more federal assistance in June than the rest of 2021 combined

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
July 21, 2021, 2:15 PM ET

As pandemic-era eviction protections for renters come to an end this month, the Treasury Department says it gave out more emergency rental assistance to citizens than it has in all previous months of 2021 combined.

The government agency delivered more than $1.5 billion in assistance last month, as the number of households served grew by 85% over the previous month to 290,000. That number has tripled since April.

“This represents significant progress, but there is still much further work to go to ensure tenants and landlords take advantage of the historic funding available to help cover rent, utilities, and other housing costs and keep people in their homes,” the Treasury Department said in a statement.

The Center on Budget and Policy Priorities estimates there are 11.4 million Americans currently behind on their rent—16% of the total adult renter population. And while not all of them are facing possible eviction, the lifting of the federal eviction moratorium at the end of July puts them at greater risk. In January’s peak, 15 million renters—nearly one in five—were behind on rent.

The December relief package and the American Rescue Plan included over $25 billion in emergency rental assistance, earmarked to help people who are unable to pay their rent avoid eviction. However, the aid packages have been slow to roll out. Many states have failed to spend tens of millions of dollars due to a variety of factors, ranging from poorly administered programs to uncooperative landlords.

The Emergency Rental Assistance program is in the process of developing a national infrastructure for rental assistance and eviction prevention to speed up the dispersal of funds. The program will run through 2025.

People who are unable to avoid eviction could have trouble finding affordable housing. Rent prices are spiking as the economy begins to recover from the pandemic.

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon

Latest in Finance

Personal FinanceReal Estate
Current ARM mortgage rates report for Dec. 10, 2025
By Glen Luke FlanaganDecember 10, 2025
33 minutes ago
Personal FinanceReal Estate
Current refi mortgage rates report for Dec. 10, 2025
By Glen Luke FlanaganDecember 10, 2025
33 minutes ago
Personal Financemortgages
Current mortgage rates report for Dec. 10, 2025
By Glen Luke FlanaganDecember 10, 2025
33 minutes ago
Databricks CEO speaking on stage.
AIBrainstorm AI
Databricks CEO Ali Ghodsi says his company will be worth $1 trillion by doing these three things
By Beatrice NolanDecember 9, 2025
8 hours ago
Jerome Powell, chairman of the US Federal Reserve, during the Hoover Institution's George P. Shultz Memorial Lecture Series in Stanford, California, US, on Monday, Dec. 1, 2025.
EconomyJobs
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
11 hours ago
A man and robot sitting opposite each other.
AIEye on AI
The problem with ‘human in the loop’ AI? Often, it’s the humans
By Jeremy KahnDecember 9, 2025
12 hours ago

Most Popular

placeholder alt text
Success
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in air shows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
22 hours ago
placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
11 hours ago
placeholder alt text
Banking
Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national security initiative
By Nino PaoliDecember 9, 2025
13 hours ago
placeholder alt text
Success
Craigslist founder signs the Giving Pledge, and his fortune will go to military families, fighting cyberattacks—and a pigeon rescue
By Sydney LakeDecember 8, 2025
2 days ago
placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
4 days ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
14 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.