Of this amount, $50 million is to be provided via the formula used in FY20. The activation of these programs is contingent upon approval by FEMA. Congress provides $5 billion for CDBG to cities and states. The funds may be used to cover rent, mortgage, and utility payments for up to 24 months. A total of $2.5 million is provided for fair housing activities, including $1.5 million for the Fair Housing Assistance Program Partnership for Special Enforcement grants and $1 million for the Fair Housing Initiatives Program. Any later updates or modifications to these FAQs will be dated to enable taxpayers to confirm the date on which any changes to the FAQs were made. No, the payment that the bank holding your mortgage received on your behalf from your Tribe is excluded from your gross income and not taxable to you. A14. The Final Rule takes effect on April 1, 2022, though Tribal governments can choose to take advantage of its flexibilities and simplifications now, ahead of the effective date. The American Rescue Plan Act of 2021 (ARP), enacted on March 11, 2021, also extended certain U.S. government programs, and added new relief provisions for eligible Tribes for the benefit of eligible tribal members. Other funding includes $1.2 billion for housing and $1.1 billion for primary, secondary and higher education programs. No, the payments described in Q1 through Q13 are excludable from the tribal members' gross income and therefore not taxable to the recipient tribal members. These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. WebQuestion: Place the events in chronological order. 99.9% of funds have been distributed to eligible Tribal Governments and are being used to make a difference in communities. This funding builds on $6.7 billion provided in fiscal years 2019 and 2020 by allowing grantees to combine prior year funds with new funding in order to prevent, prepare for, and respond to COVID-19. Of the total amount provided, $2 billion will be allocated to states and units of local governments that received an allocation under the FY20 formula.
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