Posts Tagged ‘ARPA’
Treasury’s Final Rule Is Here; Here’s What You Should Know About Using ARPA Funds to Address Vacancy
The long-awaited Final Rule on the American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Fund (SLFRF) was released by the U.S. Treasury Department on Thursday, January 6, 2022. It includes significant wins for communities hoping to address vacancy and abandonment in the wake of the pandemic. Since this $350 billion recovery package was…
Read MoreCommunity Progress Weighs in on $350 Billion ARPA State and Local Recovery Fund
Center for Community Progress recently submitted a public comment letter in response to the Treasury Department’s Interim Final Rule (“IFR”) implementing the American Rescue Plan Act’s (“ARPA”) $350 billion State and Local Fiscal Recovery Fund (“SLFRF”). The public comment period is open through Friday, July 16, 2021, and public comments can be submitted through this…
Read MoreAn Unprecedented Opportunity for COVID Relief and Equitable Neighborhood Transformation
While the US is gaining ground in its fight against COVID-19, many communities are facing growing threats to neighborhood stability from its economic fallout. Unprecedented help is on the horizon for these communities, which could provide a momentous opportunity to spur equitable revitalization. Where we are today While the national unemployment rate has been dropping, [1] it belies two deeply concerning trends for community…
Read MoreLocal Leaders Need to Know: $360 Billion in State and Local Relief Is Coming to Every American Community
Almost exactly one year into the COVID-19 pandemic, a massive relief plan has passed both chambers of Congress and been signed into law by President Biden. The $1.9 trillion American Rescue Plan Act (ARPA) is an historic achievement that will provide unprecedented resources to combat the health, economic, and racial equity challenges that have been…
Read MoreFilling the Gaps: Helping Struggling Property Owners Connect to Rehab and Repair Resources
Today, property owners – homeowners, landlords and businesses – feeling the active COVID-19 impacts are also bracing for a possible larger real estate market downturn and more unknowns. These influences, especially when combined with job loss or other challenges, leave many owners finding it difficult to invest in necessary maintenance and repairs. Earlier this Spring,…
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