SANTA FE, N.M. (KRQE) –The state is scrambling to distribute as much rental assistance money to New Mexicans as it can before a September deadline. In April, New Mexico received $170 million in federal stimulus to help families that are behind on their rent and utilities.
However, the Albuquerque Journal is reporting that only a fraction of that has made it into families’ pockets. The state reportedly has until September 30 to distribute at least 65% of the funds or what’s unused will go back to the federal U.S. Treasury.
The Journal reports only $1.7 million has been distributed so far. The state is citing deadlines, restrictions on how the money can be spent and current market conditions as a reason for the distribution delay.
KRQE News 13 reached out to the New Mexico Department of Finance and Administration and have not heard back.