Fourth Round of CARES ACT Funds Available
Posted On: September 17, 2021
The U.S. Department of Housing and Urban Development is making a fourth round of CARES Act funding available to property owners. Specifically, the funding is for owners of project-based Section 8 housing. Owners struggling through the COVID-19 pandemic can now apply for funds to help offset costs related to the ongoing pandemic.
In addition, supplemental payments are available for property cost increases relating to the pandemic in the fourth round of funding. Moreover, these payments cover the purchase of personal protective equipment, cleaning & sanitation supplies, and air filtration expenses.
The critical funds we are making available will help owners to ensure the health, safety, and well-being of residents and staff and make more improvements that can help combat future health emergencies.”Lopa Kolluri – HUD Principal Deputy Assistant Secretary for the Office of Housing
This round of funding also includes new types of eligible expenses including:
- Internet equipment including WiFi
- HVAC upgrades
- Emergency Generators in limited cases
Properties with surplus cash are also now eligible for amounts up to the standard CSP cap. This is for expenses from April 2021 through October 31, 2021 only. Ultimately, this is expected to be the final round of COVID-19 supplemental payments from CARES ACT funds.
Owners may submit payment requests for expenses incurred through October 31, 2021, and request forms are due to HUD or the Contract Administrator by November 19, 2021. Property owners and management agents should still contact their assigned HUD Account Executive or Contract Administrator with any questions about property eligibility for a CSP.
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