The US Senate voted unanimously Tuesday to extend the deadline for applying for Paycheck Protect Program (PPP) Loans to August 8. Approximately $130 billion remains unspent under the program. If your congregation has not yet applied for a PPP loan and is eligible, consider doing so now. Please see the right sidebar for more information …
Information Type: Financial
On June 5, the President signed the Paycheck Protection Program Flexibility Act. This legislation makes some important positive changes to the Paycheck Protection Program: It extends the time period to use PPP loan funds and still qualify for loan forgiveness from 8 to 24 weeks. It reduces the amount of PPP loan funds that must …
In a May 13 update of its PPP FAQ (see FAQ 46), the SBA said that all recipients of PPP Loans of less than $2 million will be deemed by the SBA to “have made the required certification concerning the necessity of the loan request in good faith.”
More details on the Diocesan Emergency Grants Program, including the total amount and how it will be distributed, plus the names of the newly appointed members of the Emgergency Grants Committee.
On April 21, 2020, the US Senate passed the “Paycheck Protection Program and Health Care Enhancement Act.” This relief measure, which is expected to be approved by the House of Representatives and signed by the President later this week, authorizes an additional $321 billion for the Paycheck Protection Program (“PPP”), which provides forgivable loans to …
New Property Support Loans and Grants are suspended; Applications will still be accepted for loans or grants for emergency repairs; already approved loans and grants will continue to be funded.
Information regarding the emergency grants program for parishes announced by the Bishop on April 14 and intended to cover financial shortfalls in pledge and plate income and rental income, with priority given to protecting payroll, and up to 20% to sustaining outreach ministries.
FAQ about the Federal Paycheck Protection Program, specifically prepared for the parishes of the diocese.
April 3 communication urging parishes to move expeditiously to apply for Federal CARES Act Paycheck Protection Program loans.
Resources that had been made available by Federal, State and New York City programs as of March 30, 2020, and a summary of key Coronavirus Aid, Relief, and Economic Security (“CARES”) Act provisions prepared by the Church Alliance.