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Administration seeks authority to "cure" remaining ERA2 funds and swap federal/state dollars to avoid treasury recoupment
Summary
Administration officials told the House Appropriations Committee they seek statutory authority to "cure" remaining Emergency Rental Assistance (ERA2) federal funds by swapping federal balances into clearly eligible uses and replacing prior high‑risk uses with state general fund, reducing risk of U.S. Treasury recoupment.
Douglas Farnham and administration staff told the committee that the state holds about $14.3 million in remaining Emergency Rental Assistance (ERA2) federal funds from a larger $152 million grant and that Treasury guidance has raised recapture risk for some prior expenditures.
Farnham said Treasury has issued strict guidance and that several states faced large recoupment demands; Vermont’s ERA2 program used some funds for affordable housing repairs and rental assistance. Treasury later questioned some uses and could assert that up to roughly $8–9…
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