About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA COVID-19 Recovery & Relief Update - August 25, 2020

Having trouble viewing this newsletter? View it online.
COVID-19 Recovery & Relief Update
August 25, 2020
Subscribe
View Archives
COVID-19 Recovery & Relief Update

Features

What Happens Next With Affordable Housing?
States and local governments already haven't been investing enough to help build housing that poor families, and sometimes even middle-class people, can afford. And now funding could be yet another victim of the coronavirus.

Rural Development Invests $46M in Rural Community Facilities in 16 States
The United States Department of Agriculture (USDA) is investing $46 million to improve critical community facilities to benefit 363,000 rural residents in 16 states. The investments can be used to build or upgrade schools, libraries, clinics and public safety facilities.

Black Restaurateurs Always Had a Tough Road, Pandemic Has Made Money More Scarce
Black people are still fighting desperately to catch up, to bridge the vast gap in opportunity and change their trajectory. They are tasked with the monumental charge of creating identity, individuality, ownership, with restoring dignity and respect, with rewriting the narrative of second-class citizens and becoming, in many cases, first-generation entrepreneurs.

When Will Tax Revenues Rebound? It Depends on the Tax
It doesn't take a crystal ball to see that even if the economy grows by 6 percent in 2021 from this winter's bottom-out point, as the most optimistic Wall Street economists forecast, many states and localities will remain underwater, struggling or unable to maintain full-scale public services in the face of continuing revenue shortfalls.

Baker Tilly Develops Public Sector COVID-19 Recovery Assessment Tool
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.

HUD Issues Guidance for Coronavirus Relief Funds
HUD provided guidance and additional flexibility to states and units of local government who are utilizing their existing federal disaster recovery funds to support low- and moderate-income persons and vulnerable populations for disasters occurring in 2015, 2016, 2017, 2018, and 2019 during the coronavirus outbreak. The August 17 Federal Register notice grants extensions and clarifies submission deadlines for CDBG-DR grantees.

As Texas Restaurants Struggle, So Does the Food Supply Chain
Economists project that up to 30% of all Texas restaurants will close or have to significantly shift their business models due to COVID-19. That will not only continue to impact restaurant owners and their employees, but will also send ripple effects into related industries including agriculture, trucking and food processing.

Upcoming Events
CDFA Federal Financing Webinar Series

CDFA // BNY Mellon Development Finance Webcast Series: Investing in Childcare Facilities
Thursday, August 27, 2020 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will showcase various childcare facilities financing programs from across the country and highlight projects that have successfully utilized these tools.

CDFA-Bricker PACE Webinar Series: PACE Program Capitalization
Tuesday, September 22, 2020 - 11:00 AM - 1:00 PM Eastern
PACE program financing can be provided through private third parties, public bonds, or a combination of both, and within those options, there are many creative approaches being implemented across the nation. In 2017, The Kresge Foundation made a $3 million program-related investment into the St. Paul Port Authority's "Trillion BTU" and "MinnPACE" loan programs. This was a first of its kind PRI to help the community on-board PACE. This webinar will explore this and other creative methods that communities can utilize to capitalize their PACE program.

State & Local Programs

Elevate Douglas COVID-19 Business Grant Program Provides Funds to Douglas County Businesses
Metro Atlanta CEO | Aug. 25 | Access to Capital | Disaster Recovery & Relief | Local Finance Program | COVID-19

COVID-19 Housing Assistance Program Launched in Carver County and Scott County, MN
Scott County, MN | Aug. 25 | Access to Capital | Disaster Recovery & Relief | Housing Finance | Local Finance Program | COVID-19

Massachusetts Allocates $3.3M for Food Insecurity
Governing | Aug. 19 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | State Finance Program | COVID-19

Federal Financing Programs

Agency Seal Federal Communications Commission (FCC)

COVID-19 Telehealth Program
The COVID-19 Telehealth Program will provide $200 million in funding to help health care providers provide connected care services to patients at their homes or mobile locations.

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

Coronavirus Food Assistance Program
The Coronavirus Food Assistance Program provides direct relief to producers who faced price declines and additional marketing costs due to COVID-19.

Agency Seal U.S. Dept. of Treasury

Coronavirus Relief Fund
The Coronavirus Relief Fund provides for payments to State, Local, and Tribal governments navigating the impacts of COVID-19.


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 - 27 of 27

October 20, 2020
October 13, 2020
October 6, 2020
September 29, 2020
September 22, 2020
September 15, 2020
September 8, 2020
September 1, 2020
August 25, 2020
August 18, 2020
August 11, 2020
August 4, 2020
July 28, 2020
July 21, 2020
July 7, 2020
June 23, 2020
June 9, 2020
June 2, 2020
May 26, 2020
May 19, 2020
May 12, 2020
May 5, 2020
April 28, 2020
April 21, 2020
April 14, 2020
April 7, 2020
March 31, 2020




CDFA National Sponsors

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