Relief Funding – HUD’S Third Wave of Cares Act  

$1 Billion for communities allocated by HUD – 3rd wave CARES Act funding provided to bolster Coronavirus response and relief efforts.

WASHINGTON – Announced May 11 by Ben Carson, Secretary of The U.S. Department of Housing and Urban Development that the allocation of a third wave in CARES Act coronavirus relief funding is here. Through the Community Development Block Grant (CDBG) program, this wave totals $1 billion.  Over $3 billion, to date has been provided  in CDBG funding nationwide through HUD to help communities acutely combat coronavirus and alleviate economic hardship.

“Coronavirus has impacted our communities and populations in unprecedented ways, and while some begin to see a decline in reported cases, others continue to fight this invisible enemy aggressively,” said Secretary Ben Carson. “This funding will afford states the ability to respond to the unique circumstances they are facing – from reducing risk of transmission to regaining the sound footing of their economy. This is the third wave of funding the Department has provided to States and insular areas, and we will continue to execute a detailed and swift response until the days of COVID-19 are behind us.”

They say the allocation formula will focus on public health needs,  transmission risk of coronavirus, rate of coronavirus cases, and economic disruption. The data used in this formula is on low-income elderly and poor children to target to places with higher public health risk. It’s also using recent unemployment insurance claims data to provide for states hardest hit, at the time of the allocation, by unemployment. All factors are adjusted so that places harder hit than the national average in COVID-19 cases will receive a slightly higher share of funding.

You can read more details of the funding here