FSIC Housing TF - Letter to Congress

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FSIC released this Op-ed in May of 2020 when Congress was first discussing rental and mortgage relief for homeowners, renters, and landlords.  Congress eventually passed the Emergency  

Rental Assistance Program with $46.5 billion in funding.  As of August 25, 2021, States had received all the funding in the form of block grants but had only disbursed a total of $1.7 billion, proving they either don't care about our hardest hit communities or they don't know how to manage the funds.  In either case, we need to stop setting these states up to fail by giving them hundreds of millions of dollars which they hoard.  As FSIC said in this Op-ed, we should allow families and landlords in need to utilize vouchers to access the funds directly from the Federal Government.  Further, it is FSIC's assertion that states should no longer receive any block grants going forward as they often fail to distribute the funds in time to do any good.