Oregon Housing Blog: As Treasury ERA Funds are Depleted in Oregon, Some of the $3.4 Billion May Still Be Available for Rental Assistance

The Oregon Housing Blog argues this week that rental assistance is an eligible use of State Fiscal Recovery Program and Coronavirus Local Fiscal Recovery Program funding provided by the U.S. Treasury. 

States are required to file project and expenditure reports with the treasury on their fiscal recovery program spending through the end of 2021 by the end of January. 

According to the blog, it is possible that some of the $4.2 billion in Oregon funding remains unobligated and could be spent on rental assistance. The author notes that at the end of the June 2021 legislative session there was $488 million remaining in the state Fiscal Recovery Program alone. Read more.