Wolf Administration Awards Nearly $19 Million for Homelessness Assistance and Prevention

first_img SHARE Email Facebook Twitter July 10, 2020 Economy,  Press Release,  Public Health Gov. Tom Wolf announced nearly $19 million in funding awards to assist in mitigating the impacts of the coronavirus on homeless families and individuals and to prevent future homelessness across the commonwealth.The Wolf Administration, through the Department of Community and Economic Development (DCED), is awarding the first of two allocations of Emergency Solutions Grant CARES Act (ESG-CV) funding provided through the US Department of Housing and Urban Development (HUD) Coronavirus Aid, Relief and Economic Security (CARES) Act supplemental appropriation.“The COVID-19 pandemic has adversely affected housing opportunities, safety, and reliability for thousands of Pennsylvanians. As we begin to recover our economy, we must also ensure that our most vulnerable Pennsylvanians and those at greatest risk of losing their homes and housing stability are able to recover as well,” Gov. Wolf said. “Our homeless providers and partners are working tirelessly in their communities to end and prevent homelessness, and these distributions will drive direct support and assistance to counties in need across the state.”The CARES Act provided for two allocations of homeless assistance funds to prevent, prepare for, and respond to coronavirus among individuals and families who are homeless or receiving homeless assistance and to support additional homeless assistance and homelessness prevention activities to mitigate the impacts created by coronavirus. Sixty-three percent of funds awarded are targeted to address homelessness prevention, 22 percent to rapidly house those who are homeless and 8.4 percent to provide emergency shelter services and street outreach. The balance of funds awarded address data collection and administration needs.A total of $18,973,829 in ESG-CV funding was approved for the following recipients representing awards in 52 counties:Adams County Commissioners – $340,732Armstrong County Commissioners – $457,515Beaver County Commissioners – $49,820Berks County Commissioners – $300,000Blair County Community Action Program* – $1,385,373Bucks County Commissioners – $996,400Butler County Commissioners – $1,546,519Center for Community Action* – $312,700Central Susquehanna Opportunities* – $566,424Centre County Commissioners – $341,549Chester County Department of Community Development – $498,200Clinton County Housing Coalition* – $192,565Community Action Partnership of Cambria County* – $318,678Cumberland County Commissioners* – $79,500Dauphin County Commissioners – $628,633Domestic Violence Services of SWPA* – $403,711Franklin County Commissioners – $480,526Indiana County Commissioners – $99,640Lawrence County Social Services* – $3,355,362Lehigh County Commissioners – $305,004McKean County Commissioners – $150,148Mercer County Commissioners – $351,477Monroe County Commissioners* – $381,761Montgomery County Commissioners – $498,200Philadelphia Office of Homeless Services – $4,176,301Schuylkill County Commissioners – $448,335Union-Snyder Community Action Agency* – $131,440Wayne County Commissioners – $177,316*Asterisks note a regional grant.Blair County Community Action Program will distribute funding to Adams, Bedford, Blair, Cambria, Centre, Franklin, Fulton, Huntingdon, and Somerset counties.Center for Community Action will distribute funding to Bedford, Fulton, Huntington, Mifflin, and Juniata counties.Central Susquehanna Opportunities will distribute funding to Columbia, Montour, and Northumberland counties.Clinton County Housing Coalition will distribute funding to Clinton, Lycoming, and Tioga counties.Community Action Partnership of Cambria County will distribute funding to Cambria and Somerset counties.Cumberland County Commissioners will distribute funding to Cumberland and Perry counties.Domestic Violence Services of SWPA will distribute funding to Fayette, Greene, and Washington counties.Lawrence County Social Services will distribute funding to Beaver, Cameron, Centre, Clearfield, Clarion, Elk, Fayette, Forest, Greene, Jefferson, Lawrence, McKean, Potter, Venango, and Warren counties.Monroe County Commissioners will distribute funding to Monroe and Pike counties.Union-Snyder Community Action Agency will distribute funding to Union and Snyder counties.Applications were accepted from general-purpose units of local government, including cities, boroughs, townships, towns, counties, home rule municipalities, and communities that desire to apply “on behalf of” other municipalities. Local governments may apply “on behalf of” nonprofit organizations. Non-profit organizations can apply only for a regional project as long as it demonstrates a regional need and would serve multiple counties.To learn more about the ESG-CV funding, click here.Ver esta página en español.center_img Wolf Administration Awards Nearly $19 Million for Homelessness Assistance and Preventionlast_img read more

Moody’s: No-deal Brexit ‘manageable’ for EU asset managers

first_imgThe credit strength of asset managers in the UK and the remaining European Union countries would not “materially” weaken in the event of the UK leaving the bloc without a withdrawal agreement, according to Moody’s.The credit rating agency said the asset managers would face some pressures in the event of a no-deal Brexit – such as uncertainty about the future status of EU employees working in the UK and vice versa – but that it considered these manageable.Temporary measures put in place by UK and EU regulators would minimise the operational disruption of a no-deal outcome, and asset managers’ own efforts to prepare for such a situation would also help protect their credit profiles, Moody’s added.The rating agency highlighted that UK-based asset managers had focussed in particular on creating or expanding entities regulated in the EU under MiFID legislation to prepare for the loss of EU “passporting” rights if the UK left the EU without a deal. This exercise had entailed costs so far contained at estimated 0.1%-0.6% of operating expenses, according to Moody’s.In February, the European Securities and Markets Authority and the UK’s Financial Conduct Authority (FCA) announced an agreement to preserve delegation rules in the event of a no-deal Brexit.These rules allow UK asset managers to create funds that are domiciled and regulated in the European Economic Area (EEA) – which includes EU countries – and market them to clients in the EEA or EU while continuing to manage them from the UK via an outsourcing arrangement.According to Moody’s, about 84% of the assets that UK-based firms manage on behalf of non-UK EEA clients are in funds managed via delegation.In addition, the UK has put in place a “special permissions regime” to allow asset managers based in the EU or EEA to continue operating in the UK for up to three years after a potential no-deal Brexit.Last month the FCA published final rules aimed at providing certain about the financial regime firms would be operating under even in the event of a no-deal Brexit.  After an extension of the original deadline, the UK is scheduled to leave the EU on Friday, 12 April. Prime minister Theresa May has yet to secure a majority in parliament for her withdrawal agreement and the outcome of talks with the Labour party about a compromise is uncertain. May is about to visit several European capitals in an attempt to get agreement on postponing the date at which the UK is scheduled to leave the EU. Tomorrow she will meet Emmanuel Macron in Paris and Angela Merkel in Berlin followed on Wednesday by an emergency summit of EU leaders in Brussels.last_img read more