U.S. Department of Housing and Urban Development Secretary Ben Carson announced the assignment of $241,205 to Puerto Rico, as part of nearly $77 million nationwide in a fourth wave of CARES Act funding supporting up to 8,300 additional vouchers. Funding for the island will benefit the Puerto Rico Public Housing Administration ($140,143), the Municipality of […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the disbursement of more than $37 million in additional funds for 121 projects approved between May 8-14. As social distancing measures continue to safeguard residents, FEMA and COR3 remain focused on prioritizing obligations of funds to municipalities for […]
The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, released the Paycheck Protection Program (PPP) loan forgiveness application and detailed instructions for the process. “The documents released will help small businesses seek forgiveness at the conclusion of the eight-week period covered under the law, which begins with the disbursement of […]
The Federal Emergency Management Agency has obligated nearly $5.4 million in funds for emergency measures and permanent work projects to repair hospitals and healthcare facilities managed by the Puerto Rico Mental Health and Anti-Addiction Services Administration, known as ASSMCA, by its Spanish acronym. Among the 50 approved projects, $2.4 million has been assigned for eight […]
Puerto Rico Gov. Wanda Vázquez will sign an Executive Order that adopts the Strategic Disbursement Plan of the $2.2 billion from the Coronavirus Relief Fund created through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The document, prepared in accordance with the parameters established by the U.S. Department of Treasury, contains dozens of […]
The Convention Center District Authority, which runs the Puerto Rico Convention Center and the José Miguel Agrelot Coliseum, will launch — as early as this weekend — a series of live, virtual entertainment events that people will be able to enjoy from their homes. The events follow the approval of a special waiver by Gov. […]
The Financial Oversight and Management Board for Puerto Rico announced it authorized a $185 million short-term liquidity facility to help Puerto Rico’s 78 municipalities offset the timing of expected receipt of property tax revenue due to the COVID-19 pandemic. The facility would be made by the Commonwealth of Puerto Rico to the Municipal Revenue Collection […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the obligation of more than $47 million in additional funds for 131 projects during the first week of May. The Humacao Campus of the University of Puerto Rico, 26 parks and community centers from the of Sports and […]
The Federal Emergency Management Agency has obligated nearly $89 million to date to repair and rebuild hospitals and health centers across the island. More than half of the funds are for permanent work for 258 facilities that will benefit the communities and residents they serve, the agency confirmed. The federal investment in the local healthcare […]
The Puerto Rico Treasury Department will open a website at 4 p.m. today so that taxpayers who filed their 2019 returns without their bank account information can submit it to be next in line to receive their $1,200 federal stimulus checks. Treasury Secretary Francisco Parés said only those individuals should access the website today through […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated roughly $95.4 million for 552 projects during April – more than the total number of projects approved between the months of January and September 2019 combined, they confirmed. Municipalities across the island received the bulk of these obligations […]
The U.S. Department of Housing and Urban Development will allocate $42.7 million in COVID-19 relief funding to help low-income Americans in Puerto Rico residing in public housing, Secretary Ben Carson announced. The funding, made available by the CARES Act will be awarded to Public Housing Authorities (PHAs) across the nation, including Puerto Rico. “HUD has […]
Gov. Wanda Vázquez announced the extension of the islandwide curfew to May 25, while allowing a limited reopening of certain industries, businesses and services under specific conditions. In a pre-recorded message, Vázquez said the gradual reactivation of the island’s economy — which has been under shelter-in-place and business lock-down orders since Mar. 16 to fight […]
The Financial Oversight and Management Board for Puerto Rico today presented the Municipal Revenues Collection Center (CRIM, in Spanish), Puerto Rico’s municipalities, and the government of Puerto Rico a repayment plan for towns to reimburse the Commonwealth for the retirement benefits paid to municipal retirees. The repeal of Puerto Rico Law 29-2019 by the U.S. […]
The Financial Oversight and Management Board for Puerto Rico offered the central government suggestions on how to spend the $2.2 billion allocation through the CARES Act to finance unbudgeted expenses related to the pandemic “in a way that is consistent, efficient, and transparent.” “The funds provided by the CARES Act are considerable and, if used […]
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