Klein Hornig Housing Alert – March 2022

Treasury Department Issues Final Rule for Use of Coronavirus State and Local Fiscal Recovery Funds

By: Chris Hornig & Mark Stokely

On January 27, 2022, the Treasury published a final rule (the “Final Rule”) (codified at 31 CFR 35), available here, implementing Sections 9901 and 9902 of the American Rescue Plan Act of 2021 (P.L. 117-2) (“ARP”) which established the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”).  Under SLFRF, Congress appropriated $350 Billion in SLFRF funds to be administered by the Treasury to provide state, local and Tribal governments (“Recipients”) with the resources needed to respond to the pandemic and its economic effects and to build a stronger, more equitable economy during the recovery.  Read More.

Should you have any questions about this KH Housing Alert, please contact Chris Hornig at chornig@kleinhornig.com or Mark Stokely at mstokely@kleinhornig.com.

To be added to the Klein Hornig LLP Client Alert distribution list, please contact Amanda Cote.

This housing alert is intended as a source of information for clients and friends of Klein Hornig LLP. The content should not be construed as legal advice, and readers should not act upon information in this publication without professional counsel. This housing alert may be considered advertising under certain rules of professional conduct. Copyright © 2022 Klein Hornig LLP. All rights reserved.