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News related to "cares act"

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HUD Announces Service Coordinator CARES Act Allocation

On July 15, 2020 by Bobbie Guidry

The U.S. Housing & Urban Development Department (HUD) released a memo last week outlining plans to allocate the $10 million in Service Coordinator funding approved by the CARES Act at the end of March. The funds will support approximately 1,600 properties with grant-funded Service Coordinator programs. The agency said they plan to issue guidance for budget-funded Service Coordination and other COVID-related expenses soon.  

HUD Urged to Release Millions Earmarked for Affordable Housing for Older Adults

On June 16, 2020 by Bobbie Guidry

LeadingAge has called upon the U.S. Housing & Urban Development Department (HUD) to release the $50 million for the Section 202 Housing for the Elderly program and remaining $200 million of Section 8 Project-Based Rental Assistance funds.  

Federal and State Emergency Response Funding Still Available

On June 16, 2020 by Jeff Bostic

The COVID-19 emergency has had significant negative financial impacts on many providers, including loss of revenue as well as higher costs associated with responding to actual and potential outbreaks of the virus.  Fortunately, the state and federal governments have both responded with large programs of aid to providers, including the most recent development at the federal level - the Medicaid provider distribution from the CARES Act provider relief fund. 

HUD Announces CARES Act Allocation for Project-Based Communities

On June 2, 2020 by Bobbie Guidry

The U.S. Department of Housing & Urban Development (HUD) this week published a funding allocation update on COVID-19 relief from the CARES Act. Of the $1 billion approved for Project-Based Rental Assistance (PBRA), HUD will complete $800 million in funding allocations during the week of June 1 to help communities prevent, prepare for, and respond to the coronavirus through regular operations.  

Providers Call for More COVID-19 Relief Federal Funding for Assisted Living

On May 26, 2020 by Jodi Boyne

As the federal government continues to provide funding from the Coronavirus Aid, Relief and Economic Security (CARES) Act, senior living providers continue to express concerns that the support leaves assisted living, memory care and independent living behind.  

CARES Act Temporarily Suspends Federal Student Loan Payments and Interest

On April 14, 2020 by Jeff Bostic

The federal COVID-19 relief bill known as the CARES Act includes benefits that go beyond payments to individuals and financial assistance to health care providers.  One of the lesser known benefits is a temporary suspension of interest accrual and monthly payments on some student loans. 

Adult Day Webinar - Applying for Small Business Loans under CARES Act

On April 8, 2020 by Heidi Simpson

Adult Day Services providers should participate in our Small Business Loans for Adult Day Providers Under the CARES Act webinar on Thursday, April 9 from 10 a.m. to 10 a.m. to explore the types of loans that are available and which ones might be the best fit for you.  

New Calculators Available to Navigate the FFCRA and Cares Act

On April 8, 2020 by Jeff Bostic

There are two new calculators to help aging services providers know what help is available to them through the two Federal COVID-19 Bills that have been signed into law through April 1, 2020, the Families First COVID Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES).   

CARES Act Expands Federal Small Business Loans, Can Support Aging Services

On April 1, 2020 by Roni Falck

About $350 billion of the $2 trillion economic stimulus package signed into law last week are directed to provide loans to small businesses, with the opportunity for loan recipients to receive forgiveness and not have to repay the amount borrowed. On April 3, smaller 501c(3) organizations will be able to access these funds. This article provides a summary of the provisions and guidance for borrowers and lenders. 

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