Georgia rental assistance program at risk of losing federal funding

Georgia’s rental assistance program is one of many around the country at risk of losing federal funding.

The state received more than $550 million as part of the first federal rental assistance allocation. Since the program launched in March, it has spent just over $30 million, or seven percent of the total amount.

In early October, the U.S. Treasury Department announced programs that hadn’t spent 30 percent of their money could begin losing it. To avoid that, the state must now submit a plan to the Treasury Department showing its program can get the rental assistance out. That plan is due Nov. 17.