Chester County to Receive Initial Funding of $2.28 Million from CARES Act
According to officials at the U.S. Department of Housing and Urban Development, Chester County will receive $2.28 million in initial coronavirus relief from the Coronavirus Aid Relief and Economic Security (CARES) Act, according to a report from the Daily Local News.
Pennsylvania will get more than $170 million from the program that has a massive $2 trillion allocated for businesses, individuals, federal agencies, and state and local governments. The funds will be distributed promptly as the CARES Act has been specifically designed to distribute capital quickly and broadly.
The Act is an attempt by the federal government to address many of the issues brought on by the coronavirus pandemic. The goal is to provide economic support to all affected aspects of society, including the business sector, employees, individuals, and families.
The Act also specifically focuses on industries that have seen the biggest impact due to the pandemic, such as air transportation, healthcare, and education.
“The Commonwealth will receive $170.65 million in new Community Development Block Grants and other HUD programs to help provide shelter to homeless individuals, increase affordable housing options, develop infrastructure, and maintain crucial public services, among other uses,” said U.S. Sen. Bob Casey.
Read more about the CARES Act in the Daily Local News here.
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