About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA COVID-19 Recovery & Relief Update - April 27, 2021

Having trouble viewing this newsletter? View it online.
COVID-19 Recovery & Relief Update
April 27, 2021
Subscribe
View Archives
COVID-19 Recovery & Relief Update

Features

American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines
The American Rescue Plan Act of 2021 (ARP) allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations.

EXIM Board Extends COVID-19 Temporary Relief Measures Benefiting Small Business, Transportation Through April 2022
On April 15, the Board of Directors of the Export-Import Bank of the United States (EXIM) unanimously voted to extend its COVID-19 temporary relief measures applying to the Working Capital Guarantee Program, the Supply Chain Financing Guarantee Program, and the agency's support for transportation-related and other large-scale exports through its Bridge/Backstop Financing Program and Pre-Delivery/Pre-Export Financing Program.

SBA Announces Official Restaurant Revitalization Fund Application and Guidelines
SBA Administrator Isabella Casillas Guzman announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RFF). The American Rescue Plan established the $28.6 billion Restaurant Revitalization Fund at the U.S. SBA. The SBA will administer the funds to the hardest-hit small restaurants.

Southwest States Prepare to Fund Broadband Expansion
States across the Southwest are preparing to leverage a new wave of federal funding for broadband expansion President Joe Biden wants to provide through his infrastructure proposal. Amid the COVID-19 pandemic, access to high-speed internet is seen as a boon to rural economies, educational outreach, and online business.

Treasury Establishes New Office to Lead Implementation of Relief and Recovery Programs
On April 14, the U.S. Department of the Treasury announced the establishment of the Office of Recovery Programs to lead the Department's implementation of economic relief and recovery programs, including nearly $420 billion in programs from the American Rescue Plan Act of 2021.

Powell Says U.S. Entering Faster Growth, Though Virus Spike Remains a Risk
The Federal Reserve will likely taper off its bond purchases before considering raising interest rates, according to Chairman Jerome Powell. "We will reach the time at which we will taper asset purchases when we've made substantial further progress toward our goals from last December when we announced that guidance," Powell said in a virtual event hosted by the Economic Club of Washington.

Wisconsin Investing $100M in Business Recovery
Wisconsin is setting aside $100 million to help businesses statewide recover from the coronavirus pandemic. Gov. Tony Evers announced Tuesday the investment is made possible with funds the state received under President Biden's American Rescue Plan.

Tracking COVID-19 Relief for Human Services and Education Programs
The Families First Coronavirus Response Act, CARES Act, Consolidated Appropriations Act of 2021, and the American Rescue Plan Act included billions of dollars in supplemental funding for human services and education programs as well as various flexibilities for the states and counties responsible for administering these programs. This brief provides an overview of steps the federal government has taken to implement these new resources and administrative changes.

Upcoming Events
Advanced Bond Finance WebCourse

CDFA // BNY Mellon Development Finance Webcast Series: Preserving Local Economies with Energy & Water Finance
Tuesday, May 18, 2021 - 2:00 PM - 3:00 PM Eastern
Join CDFA for this next installment of the CDFA // BNY Mellon Development Finance Webcast Series for a discussion about how energy and water finance programs can be positioned to address various local challenges simultaneously.

CDFA Federal Financing Webinar Series: Federal Financing for Energy and Water Systems
Tuesday, June 8, 2021 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Federal Financing Webinar Series, experts from the EPA and DOE will highlight best practices, case studies, and mitigation tools that will help your community finance critical projects.

Federal Financing Programs

Agency Seal U.S. Dept. of Agriculture (USDA)

Business & Industry Loan Guarantees Program
USDA's Business & Industry Loan Guarantees Program bolsters the availability of private credit by guaranteeing rural business loans.

Agency Seal U.S. Dept. of Health & Human Services (HHS)

CARES Act Provider Relief Fund
The Provider Relief Funds supports American families, workers, and heroic healthcare providers in the battle against the COVID-19 outbreak. HHS is distributing $175 billion to hospitals and...

Agency Seal U.S. Dept. of Transportation (DOT)

CARES Act Airport Grants
The CARES Act authorized the distribution of $10 billion to airports experiencing severe economic disruption caused by COVID-19.

Highlights from the Online Resource Database

COVID-19 Relief for Human Services and Education Programs
Community Development | Disaster Recovery & Relief | Education | Social Finance
The Families First Coronavirus Response Act, CARES Act, Consolidated Appropriations Act of 2021, and the American Rescue Plan Act included billions of dollars in supplemental funding for human services and education programs as well as various flexibilities for the states and counties responsible for administering these programs. This NACo brief provides an overview of steps the federal government has taken to implement these new resources and administrative changes.


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

Archives

Displaying 1 - 30 of 51

September 21, 2021
August 24, 2021
July 27, 2021
June 22, 2021
June 8, 2021
May 25, 2021
May 11, 2021
April 27, 2021
April 13, 2021
March 30, 2021
March 16, 2021
March 2, 2021
February 16, 2021
February 2, 2021
January 19, 2021
January 5, 2021
December 22, 2020
December 8, 2020
December 1, 2020
November 24, 2020
November 17, 2020
November 10, 2020
November 3, 2020
October 27, 2020
October 20, 2020
October 13, 2020
October 6, 2020
September 29, 2020
September 22, 2020
September 15, 2020




CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor