Paycheck Protection Program Loan Data
Jul. 7 |
The SBA, in consultation with the Treasury Department, released detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made through July 6, 2020. Click here to be redirected to the online data repository.
Congress Extends Small-Business Loan Program
The New York Times
| Jul. 1 |
The House agreed to extend for five weeks a popular pandemic relief loan program for small businesses. The move to extend the Paycheck Protection Program through Aug. 8, which allows small businesses to secure low-interest loans to help maintain their payrolls, came as Republicans and Democrats remained divided over how much additional federal assistance to provide to businesses and individuals affected by the coronavirus and the economic hardship it has caused.
IRS Notice Provides COVID-19 LIHTC Relief
| Jul. 1 |
The Internal Revenue Service today released an advance copy of proposed regulations concerning low-income housing tax credit (LIHTC) compliance issues, returning to a previous standard of required inspection of the lesser of the applicable Real Estate Assessment Center (REAC) number of 20 percent of the low-income units in the development.
Minority Business Development Agency Awards $10M in Federal Funding from CARES Act
| Jun. 30 |
The U.S. Department of Commerce, Minority Business Development Agency (MBDA) announced the deployment of $10 million in CARES Act funding to the network of MBDA Business Centers and national minority chambers of commerce. The grants will be used for education, training, and advising small and minority business enterprises in their recovery from the effects of the COVID-19 crisis.
HUD Extends Due Date for All Financial Statements Until Sept. 30
| Jun. 26 |
The U.S. Department of Housing and Urban Development (HUD) today announced that the Office of Housing approved an extension for all financial statements until Sept. 30. The extension applies to all submissions, both audited and unaudited. Any submission with a due date before Sept. 30 is affected.
House Democrats Release Text of H.R. 2; Major Infrastructure Bill Includes Bond Provisions
House Transportation and Infrastructure Committee
| Jun. 22 |
The Moving Forward Act includes bond financing provisions such as advance refunding bonds, an increase of annual state volume cap, creation of new Qualified Infrastructure Bonds, and the restoration of certain tax credit bonds. It also makes the NMTC permanent, gives LIHTC a major boost, delays the phasedown of the ITC, and increases the Historic Tax Credit, among many other provisions.
SBA Reopens Economic Injury Disaster Loan Program
Washington Business Journal
| Jun. 16 |
The SBA has reopened its Economic Injury Disaster Loan program to all small businesses. The reopening comes more than a month after the SBA quietly closed the program to new applicants, except for agriculture-related companies. The closure sparked a backlash from business groups and lawmakers.
HUD Provides Remaining $2.96B in CARES Act Funding for Homeless Populations
U.S. Department of Housing and Urban Development
View more Federal Resources
| Jun. 10 |
HUD Secretary Ben Carson announced the allocation of $2.96 billion in Emergency Solutions Grants (ESG) funding to support homeless Americans and individuals at risk of becoming homeless because of hardships such as job loss, wage reduction, or illness due to COVID-19.
COVID-19 Likely to Result in Increased Entrepreneurship Rates
Despite the more than 40 million unemployment filings and anticipated millions of small business closures that will result due to COVID-19, previous economic downturns suggest that there may soon be ripe opportunities for business start-up activity.
Quick Guide to CDBG Eligible Activities to Support Coronavirus and Other Infectious Disease Response
The Quick Guide to CDBG Eligible Activities to Support Infectious Disease Response provides grantees with information on implementing CDBG funds in a coordinated effort with local health authorities before undertaking any activity to support state or local pandemic response. Grantees may use CDBG funds for a range of eligible activities that prevent and respond to the spread of infectious diseases such as the coronavirus.
COVID-19 Questions and Answers for Multifamily Housing Stakeholders
On April 16, 2020, HUD and FHA published these answers to frequently asked questions pertaining to all multifamily housing stakeholders. Topics include Emergency Preparedness, CARES Act assistance and other funding available Asset Management, Recapitalization and RAD, and more.
COVID-19 Rebirth Using Proven Tools
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).
Business Survival Guide
Created by Business Oregon's finance team, this resource guide is meant to help small businesses during the COVID-19 outbreak.
Coronavirus Response Resources for Local Leaders
Local elected officials are distinctly positioned to protect the health and safety of residents and to provide reassurance in times of crisis. The National League of Cities developed this resource page to support cities, towns and villages during the COVID-19 outbreak and to take measures to reduce its spread. NLC will update this page as information becomes available.
Coronavirus Discussion Guide for Local Governments
Local government managers should prepare their communities by reviewing their emergency response plans for pandemic events. Begin by discussing these prompts with your leadership team and partner organizations and pair this discussion guide with frequently updated information noted in the Key Resources section.
A Resource Guide to Coronavirus for Government Leaders
View More Disaster Recovery & Relief Resources
The novel coronavirus has tested the durability of federal, state and local governments around the country and the world. This list of resources is meant to connect leaders with useful tools to aid in response efforts.