Department of Agriculture, Rural Housing Service (USDA-RHS)
USDA Rural Development has launched a COVID-19 resource page to keep stakeholders continuously updated on actions taken by the agency to help rural residents, businesses, and communities impacted by the COVID-19 outbreak. At the bottom of this RD Covid-19 resource webpage, there is a section for Frequently Asked Questions pertaining to rural multifamily housing. Updated FAQs where issued July 20. Additional FAQs were issued on April 13, 2020 by email distribution.
The Department of Health and Human Services (HHS) announced $250 million in grants from the Administration for Community Living (ACL) to help communities provide meals for older adults. The Families First Coronavirus Response Act, signed into law by President Trump on March 18, 2020, provided the additional funding for the nutrition services programs authorized by the Older Americans Act (OAA) of 1965. These programs provide meals to more than 2.4 million older adults each year, both through home delivery and in places like community centers.
Questions-and-Answers on COVID-19 for Housing Stakeholders are updated frequently on the HUD MF website: HUD Multifamily Website (Look to the left side of the webpage, in a box titled “Multifamily Housing COVID-19 Guidance”).
FAQs for the Public Housing, Housing Choice Voucher (HCV) (including the Project-based Voucher Program (PBV)) and Native American Programs are posted to the PIH Covid-19 resources webpage; the most recent FAQs for public housing agencies is linked here (May 29, 2020)
DOL Wage and Hour Division also provided FAQs on implementing FFCRA.
Department of the Treasury and Internal Revenue Service
The Department of the Treasury provides webpage resources on provisions and implementation of the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. For additional details on programs provided under the CARES Act, please see the Small Business Administration links provided on this webpage.
Emergency Rental Assistance Program Fact Sheet (June 24, 2021)
Administered by the Treasury, the Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic (January 6, 2021)
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus. Click here for more details.
The National Council of State Housing Agencies (NCSHA) has reported that IRS staff have confirmed that Housing Credit agencies in states with a federal Major Disaster declaration can rely on relief measures provided in Revenue Procedures 2014-49 and 2014-50
In letter sent on April 8, 2020, industry groups urged the Internal Revenue Service (IRS) and U.S. Department of the Treasury (Treasury) to take immediate action to provide deadline extensions and other necessary accommodations for the LIHTC program in light of the severe disruptions the COVID-19 pandemic is having on development and construction activities and the ongoing operations of existing Housing Credit properties.
Notice-2020-23: Update to Notice 2020-18, Additional Relief for Taxpayers Affected by COVID19 (April 16, 2020) The notice provides that taxpayers have until July 15, 2020, to perform specified time-sensitive actions due to be performed on or after April 1, 2020, and before July 15, 2020. While the notice does not specifically reference any LIHTC or Housing Bond deadlines, it applies the July 15 deadline to all time-sensitive actions included in IRS Revenue Procedure 2018-58, which includes numerous deadlines related to these programs.
Notice-2020-53: Low Income Housing Tax Credit (July 1, 2020) This notice includes certain time-sensitive actions (such as the 10 percent test for carryover allocations, tenant income re-certifications, the 24-month minimum rehabilitation expenditure period and reasonable period of casualty loss restoration or replacement) that were due from April 1, 2020, through Dec. 30, 2020, to have a new deadline of Dec. 31, 2020.
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business. These loans can provide economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Further resources can be found on SBA’s website: www.SBA.gov/coronavirus and www.SBA.gov/disaster.
The SBA is charged with implementing several provisions of the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. For an overview of CARES Act implementation, see the Department of the Treasury overview.
The SBA provides detailed information on the Paycheck Protection Program, provided under the CARES Act (this is the original program information).
On Jan. 6, 2021, the SBA issued interim final rules (see Lender Forms and Guidance header on this webpage) for implementing the new modified PPP program provided under the FY 21 Consolidated Appropriations Act, Coronavirus Response and Relief Supplemental Appropriations Act.
Federal Legislative Action
The American Rescue Plan Act, 2021
The American Rescue Plan Act as passed by the Senate on March 6th, 2021. The bill will provide urgent and targeted funding to defeat the virus and provide workers and families the resources they need to survive the pandemic while the vaccine is distributed to every American. A section-by-section summary is available here.
The Coronavirus Response and Relief Supplemental Appropriations Act, 2021
Passed as part of the FY 21 Consolidated Appropriations Act, the Coronavirus Response and Relief Supplemental Appropriations Act includes some $900 billion in Covid-19 relief funding. A section-by-section analysis is here; the act was signed into law on Dec. 27, 2020.
The Paycheck Protection Program Flexibility Act
The text and summary of the Paycheck Protection Program Flexibility Act are available here; the act was signed into law on June 5, 2020.
The Paycheck Protection Program Increase and Health Care Enhancement Act
The Congressional Budget Office provides an overview of the Paycheck Protection Program Increase and Health Care Enhancement Act, which was signed into law on April 24, 2020.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Industry Group Letter urging Congress to enhance and accelerate the distribution of ERAP funds to renters and housing providers who qualify, and to oppose proposals that will hinder the distribution of funds and deter participation in the program (November 3, 2021)
Industry Group Letter opposing the continued inclusion of a four-month eviction moratorium with no certainty of assistance from ERAP grantees (September 13, 2021)
Industry Group Letter urging the Biden Administration to implement improvements to the Emergency Rental Assistance Program (August 18, 2021)
Industry Group Press Release opposing the new federal CDC eviction moratorium while urging the Administration to work with Congress, states, and localities to help with disbursing critical rental relief (August 4, 2021)
Industry Group Letter urging President Biden to end unsustainable nationwide federal restrictions on property operations, implement workable solutions for renters facing housing instability and help the country recover (June 11, 2021)
Industry Group Letter urging the Biden Administration to allow the current Centers for Disease Control and Prevention (CDC) federal eviction moratorium to expire on June 30 and move beyond this one-size-fits-all strategy for preventing housing displacement (April 20, 2021)
Industry Group Letter urging the Department of Treasury to update their guidance to remind grantees of the statutory intent related to renters that participate in Federal housing programs and to encourage the use of self-attestation to facilitate Emergency Rental Assistance payments (April 16, 2021)
Industry Group Letter requesting that HUD and the CDC ensure that HUD-supported affordable housing communities are prioritized for vaccines and have access to COVID-19 vaccine partners who will provide on-site vaccination clinics to residents and staff (March 1, 2021)
Industry Group Letter to Secretary Yellen and Secretary-nominee Fudge providing recommendations for implementation of the Emergency Rental Assistance program provided by the Coronavirus Response and Relief Supplemental Appropriations Act (Feb. 26, 2021)
Industry Group Letter to the Senate Banking Committee advocating for additional emergency rental assistance and providing recommendations for implementation of the current and potential future Emergency Rental Assistance programs (Feb. 17, 2021)
Industry Group Letter to the House Financial Services Committee advocating for additional emergency rental assistance and providing recommendations for implementation of the current and potential future Emergency Rental Assistance programs (Feb. 9, 2021)
Industry Group Letter to Secretary Yellen and Secretary-nominee Fudge providing recommendations for implementation of the Emergency Rental Assistance program provided by the Coronavirus Response and Relief Supplemental Appropriations Act (Jan. 28, 2021)
Industry Group Letter to Secretaries Mnuchin and Carson providing recommendations for implementation of the Emergency Rental Assistance program provided by the Coronavirus Response and Relief Supplemental Appropriations Act (Jan. 7, 2021)
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