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Journalist Aaron Glantz says Treasury's $25B rental assistance program falls short

Journalist and author Aaron Glantz told Hill.TV that the Treasury Department’s new $25 billion rental assistance program alone will not be enough to prevent an eviction crisis amid the coronavirus pandemic.

State, territorial, tribal and local governments will be able to apply for aid on behalf of residents struggling to pay rent under the program announced earlier this month.

Glantz said one of the biggest challenges facing President-elect Joe BidenJoe BidenLawmakers, activists remember civil rights icons to mark 'Bloody Sunday' Fauci predicts high schoolers will receive coronavirus vaccinations this fall Biden nominates female generals whose promotions were reportedly delayed under Trump MORE is how to craft long-term solutions to coronavirus-related problems.

“As Joe Biden gets ready to announce his priorities for the new administration, I hope that we can have some things that are not just kicking the can...down the road a little bit,” Glantz told Hill.TV in an interview, adding that Congress could discuss more “permanent” solutions instead of temporary ones.

Glantz said Biden’s presidency will be a test of how much the former vice president learned from the housing crisis during the Great Recession.

“With so much money going out the door, Biden has opportunities that are similar to those that President Roosevelt had...back in the Great Depression,” he said. “We don’t usually have moments in our country where trillions of dollars are going out the door. It’s important that we think of this as an investment in the future. If it’s a Band-Aid, it’s the most expensive Band-Aid in history.”

Biden on Thursday unveiled a $1.9 trillion coronavirus relief package that he says is his No. 1 legislative priority.