The CARES Act also expands unemployment assistance by creating a Pandemic Unemployment Assistance program through December 31, 2020. For weeks of unemployment, partial unemployment, or inability to work caused by COVID-19 between January 27 and December 31, the Act provides covered individuals with u...
But the Treasury's Emergency Rental Assistance Program can still provide some assistance. The National Low Income Housing Coalition's website features a searchable database of programmes that can help with housing costs, including mortgage and rent subsidies, CARES Act. Money for State and Local Go...
The borrower will provide to the lender documentation that verifies the number of full-time equivalent employees on payroll and the dollar amounts of payroll costs, covered mortgage interest payments, covered rent payments and covered utilities for the eight-week period after getting the loan. Loan ...
The Assistance for Mid-Sized Businesses program will be for businesses (and, to the extent practicable, nonprofit organizations) with 500 to 10,000 employees that satisfy certain requirements. The program provides financing for banks and other lenders to make direct loans to eligible borrowers subject...
Note: The federal agencies involved in administering the programs and funds established in the CARES Act are in the process of issuing guidance for eligibility and how to access the assistance discussed above. Therefore, the information we are providing is subject to change. Please check back peri...
However, the CARES Act creates a new, temporary Pandemic Unemployment Assistance program. The new program provides unemployment coverage through the end of the year to freelancers and independent contractors. It also provides an additional $600 per week for 4 months in addition to regular state ...
The City has received authorization from the U.S. Department of Housing and Urban Development to accept applications from non-profits and small businesses with 50 or fewer employees for assistance in paying rent, utility and overhead bills. ...
Expansions to Unemployment Assistance The CARES Act provides an unprecedented expansion to unemployment benefits. Expanded Eligibility Section 2102 of the Act provides a set amount of unemployment benefits for individuals who are not already eligible for state and federal unemployment programs but who are...
Assistance to Hospitals The Act provides at least $127 billion to hospitals. Specifically, it: Allocates $100 billion to reimburse hospitals for COVID-19 expenses Provides $27 billion to develop vaccines Improves the supply chain, including access to masks and drugs ...
The primary loan assistance plan under the CARES Act for businesses impacted by the 2020 coronavirus pandemic is thePaycheck Protection Program(PPP). It specifically provides an incentive for small businesses to keep their workers on the payroll. While federally funded, it is administered by the Sma...