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COVID19

TDHCA

TDHCA announces six-month extension to the placed-in-service deadline for 2018 9% housing tax credit developments

The Texas Department of Housing and Community Affairs (TDHCA) seeks to notify owners and agents of all 2018 9% housing tax credit developments that, under the authority provided by Revenue Procedure 2014-49 and due to the major disaster declaration resulting from the COVID-19 pandemic, the deadline to place in service each building has been extended by six months, going from December 31, 2020, to June 30, 2021.

eviction moratorium

CDC Issues Rental Eviction Moratorium Through Dec. 31

The U.S. Centers for Disease Control and Prevention (CDC) has issued a nationwide order that will halt millions of U.S. renters from being evicted through Dec. 31, 2020. The eviction moratorium will took place on Sept. 4. According to the CDC, the measure to...

CDBG Funds

HUD Publishes CARES Act Guidance for CDBG Program

On August 10, HUD published a Notice providing guidance on program rules, waivers, and alternative requirements allowed in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act for the $5 billion in supplemental Community Development Block Grant funding Congress provided to help states and localities respond to the coronavirus pandemic (CDBG-CV). The Notice also provides flexibility and relief for annual formula CDBG grants for fiscal years 2019 and 2020, so that grantees may use regular CDBG resources for those years as part of their coronavirus response.

Paycheck protection program

SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

Community Impacts of COVID 19

Federal Reserve Report – Community Impacts of COVID-19

Main Street Perspectives: Community Impacts of COVID-19 “Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them” shows the scope and scale of challenges that U.S. communities are facing amid the COVID-19 pandemic. This...

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