State, local officials disbursed less than 4 percent of rental aid through May

According to new Treasury Department data, the $1.5 billion distributed by state and local officials in order to provide federal rental assistance totalling more than $46 million had been disbursed as of May 31, according the latest Treasury Department data. This shows a serious bottleneck in the aid.Officials increased the speed of disbursal to 160,000 households in May. This is a 60% increase over April, but the delivery of funds remains behind demand. Programs intended to assist millions have served less than 350,000 households so far.Treasury stated in a blog Friday that the state and local governments need to do more to help struggling renters and increase programs to provide the necessary assistance. Some state and local programs are reaching more households in dire need, but others are far behind. Many programs were launched just weeks ago.