News & Analysis as of

Financial Assistance Policies Coronavirus/COVID-19

Orrick, Herrington & Sutcliffe LLP

FHA reminds servicers of available HAF financial assistance

On March 24, FHA reminded servicers about their obligation to inform distressed homeowners about the availability of financial assistance for FHA-insured mortgages, including single-family forward mortgages and home equity...more

Robinson & Cole LLP

Federal Court Suggests Title IX Applies to Private Schools Receiving PPP Loans

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Last month, a federal court in North Carolina held in Karanik et al. v. Cape Fear Academy, Inc., No. 7:21- CV-169D (E.D.N.C.June 17, 2022), that a private secondary school’s receipt of a Paycheck Protection Program (PPP) loan...more

Shutts & Bowen LLP

How to Apply for FEMA’s COVID-19 Funeral Assistance

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COVID-19 is an unprecedented global pandemic that has impacted all aspects of normal life. To defray expenses for those hit the hardest by COVID-19, the Federal Emergency Management Agency (FEMA) is reimbursing funeral...more

Chambliss, Bahner & Stophel, P.C.

Pandemic Payments Now Won’t Affect SSI Benefits or Eligibility at All

Pandemic-related financial assistance will no longer affect an individual’s eligibility for Supplemental Security Income (SSI) or the benefit amount, the Social Security Administration (SSA) has announced. The assistance...more

Snell & Wilmer

COVID-19 Relief Package Hands 30 Years of Relief to Underfunded Multiemployer Plans

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Even before COVID-19 changed everything, unions and participating employers held out hope for federal assistance for severely underfunded multiemployer pension plans, which threatened the payment of retirement benefits across...more

Sherman & Howard L.L.C.

Consolidated Appropriations Act, 2021: Key Real Estate Provisions

On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (CAA 2021), a spending bill that includes economic stimulus relief related to the novel coronavirus disease (COVID-19) outbreak....more

Littler

Puerto Rico: Pandemic Assistance Packages and their Effect on Christmas Bonus Exemption for Private Employers

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On November 16, 2020, the Puerto Rico Department of Labor and Human Resources (“PR DOL”) issued Circular Letter No. 2020-05, discussing considerations for private sector employers when requesting an exemption from paying the...more

Bennett Jones LLP

Not Just a Rent Subsidy: How CERS May Dramatically Affect You - Update November 2020

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November 20, 2020 Updates: Bill C-9, An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy) was given royal assent and comes into full effect on November 20, 2020. As per the...more

Goulston & Storrs PC

Law of the Land - Real Estate Litigation Newsletter - November 2020, Volume I, Issue IV

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Trending Now - On October 17, 2020, the Baker Administration’s moratorium on certain residential and small business eviction and foreclosures expired. However, also on October 17, Massachusetts adopted a new moratorium,...more

Bennett Jones LLP

Not Just a Rent Subsidy: How CERS May Dramatically Affect You

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After almost a month of eager anticipation, the federal government has released draft legislation to institute the new Canada Emergency Rent Subsidy (CERS), replacing the now-expired Canada Emergency Commercial Rent...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

UK Government Introduces New Job Support Scheme to Protect Jobs Still Affected by the COVID-19 Crisis

On 24 September 2020, UK Chancellor of the Exchequer Rishi Sunak announced new measures to support businesses and workers affected by the ongoing coronavirus crisis. The announcement came after UK Prime Minister Boris Johnson...more

Chambliss, Bahner & Stophel, P.C.

PRF Reporting Requirements Available; Reporting System Availability Delayed Until 2021

The Department of Health and Human Services (HHS) has finally released detailed reporting requirements for Provider Relief Fund (PRF) payments, while also advising that the availability of its reporting system—previously...more

Clark Hill PLC

Window On Washington - Vol. 4, Issue 37

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in session this week. Congress faces a Sept. 30 deadline to fund the government, and Speaker of the House Nancy Pelosi (D-CA) and...more

Sheppard Mullin Richter & Hampton LLP

Nota Bene Episode 90: U.S. Q3 Check In: Stimulus, Relief, Election, and Direction with Elizabeth Frazee and Jonathan Meyer

While most agree that Congress must do something to help the U.S. economy and the American people, there is some disagreement as to how, when, and what needs to get done. That is precisely what we’re exploring in today’s...more

White & Case LLP

State of the art of the Italian liquidity measures – Keeping Italian Companies Alive?

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Over the last three months, the Italian Government has enacted a package of financial assistance designed to help Italian businesses survive the dramatic short-term effects of the coronavirus ("COVID-19") pandemic. The...more

Cadwalader, Wickersham & Taft LLP

COVID-19 Update: Draft Legislation Sparks HOPE of a New Commercial Real Estate Preferred Equity Facility by the Department of...

U.S. Rep. Van Taylor (R-TX) has circulated a draft bill that would require the Department of the Treasury (the “Treasury”) to establish and administer a facility to guarantee certain preferred equity investments in commercial...more

Harris Beach PLLC

State Approves New Financial Assistance Program for Organizations Hurt by COVID-19 Outbreak

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On June 17, 2020, Governor Andrew Cuomo signed into law Chapter 109 of the Laws of 2020, the latest piece of legislation aimed at alleviating the economic damage that both small businesses and not-for-profit corporations have...more

White & Case LLP

The most recent measures related to the COVID-19 pandemic in the Slovak Republic – rent subsidy scheme and new financial aid...

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Over the last few days another significant batch of measures were adopted to mitigate the negative consequences of the COVID-19 situation, including the long awaited scheme for addressing issues related to leases of...more

White & Case LLP

COVID-19: Global Government Financial Assistance Measures

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This alert provides an overview of COVID-19 governmental financial assistance measures available in some of the principal jurisdictions. Our team can cover advice on governmental financial assistance across the globe. The...more

White & Case LLP

COVID-19: Turkish Government Financial Assistance Measures

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As in the rest of the world, the coronavirus (“COVID-19”) pandemic has caused significant disruption in the Turkish economy and financial markets. In response, the Turkish Government has introduced an economic stimulus...more

Nossaman LLP

CPUC Proceedings on Low-Income Customer Assistance and Affordability

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The California Public Utilities Commission (CPUC) recently took action in two proceedings addressing issues related to low-income customer assistance and affordability. The CPUC noted that the importance of these proceedings...more

White & Case LLP

COVID-19: Summary of Legal Measures in Russia

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This summary is intended to help clients navigate the large number of legal measures taken expeditiously by the Russian authorities in connection with the spread of COVID-19. The summary is not exhaustive. It includes only...more

White & Case LLP

COVID-19-Czech Government Financial Assistance Measures

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The Czech Government has enacted a number of measures in order to provide businesses affected by the novel coronavirus (“COVID-19”) pandemic with a package of emergency economic relief and financial assistance. The measures...more

Dechert LLP

Corona-Matching-Facility Builds on Well-Established Structures

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Corona-Matching-Facility Builds on Well-Established Structures In its recent statement, the German government recognized the innovative power that startups and young technology companies have and how important these...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Introduces COVID-19 Bill to Aid Businesses and Reform Restructuring Law

On 20 May 2020, the U.K. government published the Corporate Insolvency and Governance Bill (the bill), which includes measures designed to help businesses through the COVID-19 pandemic and features important substantive...more

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