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News related to "cares act"
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Employee Retention Credit Potential Funding Option for Providers
On October 27, 2022 by Jeff Bostic
LeadingAge, our national partner, recently released a Frequently Asked Questions document that covers issues around applying for the Employee Retention Credit (ERC).
New CMS Rules Will Require Nursing Homes to Test Staff for COVID-19
On August 26, 2020 by Jonathan Lips
Nursing homes will be required to test staff for COVID-19, and offer testing to residents, under an Interim Final Rule released by CMS August 25. All laboratories conducting COVID-19 testing and reporting patient-specific results
Legislature Passes Retention Grants for Adult Day Services Providers
On August 19, 2020 by Jeff Bostic
In a special session last week, the Senate and House passed (and the Governor later signed) Senate File 1, which appropriates more than $20M in state CARES Act relief funds to provide retention grants to adult day services providers to address the impact of business interruptions due to the COVID-19 pandemic.
HUD Announces Service Coordinator CARES Act Allocation
On July 15, 2020 by Bobbie Guidry
The U.S. Housing & Urban Development Department (HUD) released a memo last week outlining plans to allocate the $10 million in Service Coordinator funding approved by the CARES Act at the end of March. The funds will support approximately 1,600 properties with grant-funded Service Coordinator programs. The agency said they plan to issue guidance for budget-funded Service Coordination and other COVID-related expenses soon.
HUD Urged to Release Millions Earmarked for Affordable Housing for Older Adults
On June 16, 2020 by Bobbie Guidry
LeadingAge has called upon the U.S. Housing & Urban Development Department (HUD) to release the $50 million for the Section 202 Housing for the Elderly program and remaining $200 million of Section 8 Project-Based Rental Assistance funds.
Federal and State Emergency Response Funding Still Available
On June 16, 2020 by Jeff Bostic
The COVID-19 emergency has had significant negative financial impacts on many providers, including loss of revenue as well as higher costs associated with responding to actual and potential outbreaks of the virus. Fortunately, the state and federal governments have both responded with large programs of aid to providers, including the most recent development at the federal level - the Medicaid provider distribution from the CARES Act provider relief fund.
HUD Announces CARES Act Allocation for Project-Based Communities
On June 2, 2020 by Bobbie Guidry
The U.S. Department of Housing & Urban Development (HUD) this week published a funding allocation update on COVID-19 relief from the CARES Act. Of the $1 billion approved for Project-Based Rental Assistance (PBRA), HUD will complete $800 million in funding allocations during the week of June 1 to help communities prevent, prepare for, and respond to the coronavirus through regular operations.
Providers Call for More COVID-19 Relief Federal Funding for Assisted Living
On May 26, 2020 by Jodi Boyne
As the federal government continues to provide funding from the Coronavirus Aid, Relief and Economic Security (CARES) Act, senior living providers continue to express concerns that the support leaves assisted living, memory care and independent living behind.
CARES Act Temporarily Suspends Federal Student Loan Payments and Interest
On April 14, 2020 by Jeff Bostic
The federal COVID-19 relief bill known as the CARES Act includes benefits that go beyond payments to individuals and financial assistance to health care providers. One of the lesser known benefits is a temporary suspension of interest accrual and monthly payments on some student loans.
Adult Day Webinar - Applying for Small Business Loans under CARES Act
On April 8, 2020 by Heidi Simpson
Adult Day Services providers should participate in our Small Business Loans for Adult Day Providers Under the CARES Act webinar on Thursday, April 9 from 10 a.m. to 10 a.m. to explore the types of loans that are available and which ones might be the best fit for you.
CARES Act Expands Federal Small Business Loans, Can Support Aging Services
On April 1, 2020 by Roni Falck
About $350 billion of the $2 trillion economic stimulus package signed into law last week are directed to provide loans to small businesses, with the opportunity for loan recipients to receive forgiveness and not have to repay the amount borrowed. On April 3, smaller 501c(3) organizations will be able to access these funds. This article provides a summary of the provisions and guidance for borrowers and lenders.