The emerging agreement has been expected to send about $310 billion more to the Paycheck Protection Program, which last week ran out of its initial $350 billion. The deal is also anticipated to include $75 billion in aid for hospitals, $60 billion for the Small Business Administration's Economic Injury Disaster Loan Program and $25 billion to expand virus testing across the U.S.

The 45-day and 180-day requirements for investing in QOZs and like-kind properties were causing concern for taxpayers given the current state of the country as a result of the coronavirus pandemic. In recognition of this, the IRS extended the deadline to July 15, 2020 for several types of returns or other filing obligations which were due to be performed on or after April 1, 2020, and before July 15, 2020.

Almost every market in the world is seeing unprecedented shifts in the era of COVID-19. Energy markets are no exception, undergoing unparalleled price changes and demand shifts. While these drastic changes may be short term, they can still point to existing shortcomings and strengths in the energy sector.

On April 9, 2020, the Federal Reserve created the Main Street Lending Program, providing small and mid-sized businesses access to liquidity. The Program requires the establishment of two new loan facilities: (i) the Main Street New Loan Facility, which is intended to help facilitate new loans to businesses; and (ii) the Main Street Expanded Loan Facility, which is intended to help facilitate the extension of already existing loans. 

Ginnie Mae released its promised Pass-Through Assistance Program related to COVID-19 (PTAP/C19). Under the program, Ginnie Mae will provide pass-through payments to single-family issuers who request assistance if they are facing a temporary liquidity shortfall directly attributable to the national COVID-19 emergency.

Through various mechanisms, the federal government has issued several forms of tax relief to real estate and agricultural businesses impacted by the current COVID-19 pandemic. This discussion is intended to serve as a high-level summary for professionals in the real estate and agricultural industries seeking tax relief.

Reported data is starting to reveal that African-American communities are among the populations most vulnerable to infection and death from COVID-19. And as the outbreak progresses, it's sure to highlight a range of inequalities in American society. But for advocates for the homeless in New Orleans and around the country, it was clear from the beginning that unhoused people were in particular danger.

As the coronavirus pandemic continues to disrupt the lives and operations of millions of American business owners, more state and local governments are offering funding programs to help companies stay afloat. These resources are independent of the federal loans and grants for small businesses offered through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The Trump administration would like to make purchases of milk and meat products as part of a $15.5 billion initial aid package to farmers rattled by the coronavirus, said Agriculture Secretary Sonny Perdue.

CDFA-Bricker PACE Webinar Series: PACE 101 - The Basics of PACE Financing
Wednesday, May 12, 2020 - 11:00 AM - 1:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Historic Preservation Financing
Tuesday, May 19, 2020 - 1:00 PM Eastern

During the first installment of the CDFA-ARI Rural Finance Webinar Series, we explored the immediate response and resources at the state, local, and national levels that local leaders can use to reduce the impact of this crisis.

This report to Congress examines the Board of Governors of the Federal Reserve's establishment of the Municipal Liquidity Facility (MLF) to help facilitate access to credit and liquidity so that state, city, and county governments are better able to manage the period of dislocations related to the COVID-19 pandemic.

This white paper looks at how 5 successful programs can be used to finance the recovery from COVID-19. The 5 programs are C-PACE and R-PACE, State Historic Tax Credits, State Opportunity Zones Programs, State New Markets Tax Credits, and Solar and Energy Tax Credits (ITCs).

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