CARES Act

News + Notes

The gist: Identified as a place at “higher risk” for evictions, Lafayette will receive a second and larger round of federal stimulus dollars intended for housing aid during the pandemic. At just under $1.4 million, the block grant from the U.S. Department of Housing and Urban Development nearly doubles the last allocation Lafayette received, one […]

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Link to businessreport.com Banks urge patience as PPP rollout gets off to a rocky start

The ambitious $350 billion Paycheck Protection Program passed by Congress one week ago to help small businesses weather the coronavirus crisis rolls out this morning amid confusion and mixed signals.

Updated federal guidelines for the program were not issued until late Thursday night in a 31-page “interim final rules” document, just hours before the PPP was supposed to begin accepting applications, and most banks are still not ready.

Source: Banks urge patience as PPP rollout gets off to a rocky start

News + Notes

Sheltering the unsheltered amid COVID-19

Lacking adequate healthcare, those who are unsheltered are particularly vulnerable to COVID-19. Local shelters are already at capacity, and more people are becoming homeless each day. It’s a public health problem, according to advocates.

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News + Notes
Line chart increasing until arrow breaks

Hang tight, Lafayette, the money is coming

Everyone expected dollars would start flowing at the stroke of a pen, but the size and scope of the bill means there’s more to iron out, even as the federal government works to turn on the taps quickly.

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