The U.S. Conference of Mayors, National League of Cities, and National Association of Counties sent a joint letter to Senate Majority Leader Schumer, Republican Leader McConnell, House Speaker Pelosi, and Republican Leader McCarthy opposing any proposal that would repurpose urgently needed coronavirus relief funds for other activities. A copy was also sent to all members of Congress.

The U.S. Treasury Department released guidance for the American Recovery Plan's (ARP) $350 billion in direct state and local aid, including details on how it will implement the law's restriction on using ARP funds for state tax cuts.

The 'Community Navigator Pilot' Program will offer grants of $1 million to $5 million to eligible organizations to provide counseling, networking and to serve as an informal connection to agency resources to help rural and urban small businesses recover from the economic devastation wrought by the COVID-19 pandemic.

Interest in Public-Private Partnership (P3) financing is growing as state and local governments face tough budget decisions along with declining federal investment in infrastructure. During the Intro P3 Finance Course, industry experts will discuss the common characteristics and drivers of P3 financing's throughout the country and explain the various structures of these deals.

Reps. Dean Phillips (D-MN) and Jackie Walorski (R-IN) introduced the IGNITE American Innovation Act, a bipartisan bill to provide relief for startup businesses that were ineligible for other types of aid passed by Congress in response to the COVID-19 pandemic. The bill will allow small and mid-size businesses left out of the CARES Act to access fast and efficient capital so that they can continue to accelerate our nation's recovery.

U.S. Small Business Administrator Isabella Casillas Guzman issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided over $798 billion in economic relief to small businesses and nonprofits across the nation, keeping employees employed and helping businesses come back stronger than ever.

The Biden-Harris Administration is proposing a bold investment in America's housing infrastructure to make housing more affordable for working and middle-class families. The American Jobs Plan pairs $213 billion in direct funding with more than $100 billion in new and expanded tax credits with bipartisan support to build and modernize housing across the country.

CDFA // BNY Mellon Development Finance Webcast Series: Rural Broadband & Telehealth Financing
Tuesday, June 15, 2021 - 2:00 PM - 3:00 PM Eastern

CDFA Food Systems Finance Webinar Series: Financing Food Systems Through FinTech
Tuesday, July 13, 2021 - 2:00 PM - 3:30 PM Eastern

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