U.S. hospitals are on the hook starting this week to pay back billions in federal loans that helped tide them over when they had to scale back services amid the pandemic's initial surge in the spring. But hospitals say the repayments, which are to be docked from their regular Medicare payments until they're fully paid back, could put rural and low-income-serving facilities underwater — particularly in areas where the coronavirus continues to surge.

The municipal-bond market will soon get a test of whether the Federal Reserve's decision to lower the price of its loans will draw governments to its virtually unused $500 billion lending program. New York's MTA, among the agencies hardest hit financially by the coronavirus shutdowns, is planning to auction off $465 million of three-year notes.

We're living through the cruelest summer for small businesses in recent memory. Despite federal legislation aimed at keeping them afloat during the pandemic, many are drowning. To survive the uncertain months ahead, small businesses need more support from policymakers, and they need it now.

The Baker Tilly Public Sector COVID-19 Recovery Assessment tool can help state and local government, utility and school district leaders assess the current impact of the coronavirus crisis on your entity and community, understand your level of preparedness for recovery in a possibly permanently altered environment and identify potential risks your entity may need to mitigate.

America's municipal bondholders have never been paid so little for taking on so much risk. The yields on state and local government bonds have steadily dwindled over the past month, even as the resurgent coronavirus pandemic is threatening to prolong the deep recession that's dealing a financial setback to borrowers in virtually every corner of the $3.9 trillion markets.

The Green Justice Coalition (GJC) has been instrumental in advocating for the Massachusetts Bay Transportation Authority (MBTA) to adopt the current Youth Pass, which provides discounted fares for young adults aged 18-25. With the support of their target communities, the GJC brought the issue of an income-based reduced fare to the MBTA and prompted them to conduct a feasibility study on means-tested fares. 

A presentation scheduled for the August 14 meeting of Metro's South Bay Service Council offers a look at updated plans for an automated people mover system connecting the Crenshaw/LAX Line with the new NFL stadium now rising in Inglewood. The plan involves financing from multiple sources, and the system would open in 2026.

Rende Progress Capital is deploying the first five loans in its RACE4Progress Loan Fund for entrepreneurs of color impacted by COVID-19. The Grand Rapids-based racial equity lender said that it immediately began processing applicants, approving funds, and deploying relief loans from its RACE4Progress fund established in June, which provides progressive, low-interest loans and a flexible application process for Kent County's "excluded entrepreneurs."

USDA Rural Development is investing $371 million to build and improve critical electric infrastructure that will benefit more than 222,000 rural residents and commercial customers in 11 states.

CDFA // BNY Mellon Development Finance Webcast Series: Investing in Childcare Facilities
Thursday, August 27, 2020 - 1:00 PM Eastern

The Florida Development Finance Corporation is seeking applications for a Bonds Specialist. The primary responsibility of the Bond Specialist is to serve as the point person for applicants and manage all applications through the processes required by federal and state rules for the issuance of private activity bonds (PAB's).

Arctaris Impact Investors is inviting you to participate in our $25M Place-Based Opportunity Zone Fund Investment Initiative. This initiative intends to improve the quality of life for all Americans by providing Opportunity Zone investment capital for community development programs that would otherwise go unfunded. Arctaris will award each recipient $25 million or more of Opportunity Zone capital in combination with localized match dollars from government, philanthropic, or private sector partners.

The Compliance/Asset Management Specialist for Invest Atlanta is responsible for managing all matters pertaining to the real estate owned, operated, and/or managed by the Invest Atlanta, URFA, and any of their affiliate entities.

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