A key impediment to achieving a congressional compromise on COVID-19 relief and economic stimulus is the level of aid to be given to states and local governments. Congress can include two provisions in the pending stimulus legislation to make the level of federal aid to a state or locality contingent on practices that promote sound intergovernmental fiscal management.

From March-June 2020, hospitals and healthcare systems faced an estimated $202.6 billion in losses, averaging roughly $50.7 billion per month. Although Congress was quick to respond with emergency relief funding, it may not be enough to support a system that was already financially strained before the outbreak. The pandemic has exacerbated these financial constraints.

For more than 20 years, LISC has offered an affordable housing developer boot camp in California called the Housing Development Training Institute (HDTI). Earlier this year, LISC brought this successful training model to developers outside of California for the first time, training 20 developers across Ohio thanks to support from U.S. Bank Foundation.

U.S. House Speaker Nancy Pelosi pointed to a large infrastructure package as an area where Democrats and Republicans might cooperate with Democrat Joe Biden in the White House, while Republicans maintain control of the U.S. Senate. Pelosi also rejected the idea of Democrats downsizing their ambitions for another round of coronavirus relief in order to strike a compromise with Republicans.

Americans approved at least $26.7 billion in state and local borrowing measures, more than half of the proposed bond sales on ballots across the country, while another $15.7 billion are still pending final results. So far, only $2.7 billion of bond measures, or about 6% of those proposed, had been defeated as of Thursday.

Green finance is blossoming. Globally, the green bond market could be worth $2.36 trillion by 2023. It is regarded as a way of meeting the needs of environmentalism and capitalism simultaneously – but what is green finance and how does it work?

Senate Majority Leader Mitch McConnell on Wednesday said approval of another coronavirus stimulus package before the end of the year would be his top priority when the Senate reconvenes next week. Funding for state and local governments, a sticking point in prior negotiations, could also be considered, he said.

The Federal Communications Commission opened applications Nov. 6 for its $100 million Connected Care Pilot Program, which aims to improve telehealth access for low-income Americans and veterans. The program, which was introduced by the FCC in 2018, will provide up to $100 million from the Universal Service Fund over a three-year period to help providers implement connected care services.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Resilient Infrastructure
Tuesday, November 17, 2020 - 1:00 PM Eastern

CDFA-PFM Capital Markets Webinar Series: An Advanced Discussion on Ratings
November 20, 2020 - 2:00 - 3:30 PM Eastern

The City of Milwaukee has published an RFP for a third-party administrator of its Property Assessed Clean Energy (PACE) financing program.

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