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More business aid available in Richland County through COVID-19 relief funds
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Stimulus Checks Of $600 Are Coming — Here s Who Will Get One
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What is in the $900 billion coronavirus relief bill Naomi Jagoda,Niv Elis and Alexander Bolton © Greg Nash What is in the $900 billion coronavirus relief bill
Lawmakers late on Sunday released a long-awaited $900 billion coronavirus relief bill that is expected to be passed by Congress on Monday and signed into law by President Trump.
The relief package will be combined with a $1.4 trillion measure to fund federal agencies through the end of September and a package extending expiring tax provisions.
Both Democrats and Republicans touted various aspects of the relief package, though Democrats wanted a significantly larger bill.
Democrats argue that more relief legislation will need to be enacted once President-elect Joe Biden takes office, though Republicans are already resisting that idea. A state and local aid package and liability protections were left out of the agreement.
December 18, 2020
Federal COVID Relief Bill Contains Significant Provisions for CRE and Multifamily Finance
On December 14, 2020, a bipartisan group of U.S. Senators released a summary and draft text of the Bipartisan Emergency COVID Relief Act of 2020 ( the Act ). The Act remains under negotiation among the House, the Senate and the White House. CREFC has highlighted important provisions for CRE and multifamily finance as follows:
Benefits for CRE and Multifamily
Extension of all unemployment assistance for 16 weeks, with supplemental $300 per week.
Second Round of Paycheck Protection Program (PPP): $300 Billion
Second Round PPP for Small Business, including 501c6 organizations, restaurants, live venues, and EIDL grants;
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