Keller Administration Putting $24 Million in Federal Funds to Keep Families in Their Homes

The City of Albuquerque is investing $24 million dollars in federal funds to help eligible families with Emergency Rental Assistance. The City’s Family and Community Services Department applied for the funding that was made available as part of COVID-related legislation passed by the U.S. Congress in December 2020.

“We’ve got to keep hardworking families in their homes during this pandemic,” said Mayor Tim Keller. “For Albuquerque residents struggling to pay rent and utilities, this will be a lifeline to avoid the cliff and make it through this.” 

The Emergency Rental Assistance funds are designated to provide aid to renters who are at or below 80 percent of the area median income, have been directly or indirectly impacted by COVID and are at risk of homelessness or housing instability. Funds can be used to pay rent and utility payments that are in arears in addition to future rent. Total assistance for each household is limited to 12 months of rent, with the option for an additional 3 months, if needed.

“We are working to get these funds out to those in our community who need it as quickly as possible,” said Carol Pierce, director of the City’s Family and Community Services Department.  “As soon as the Treasury Department makes it clear what we can and cannot use the money for, we will finalize plans to distribute these funds right away.” 

The City has until Dec. 31, 2021 to spend the funds, with the option to request a 90-day extension.