Fiscal Recovery Funds Final Rule: Frequently Asked Questions
This Treasury Department document provides answers to frequently asked questions about the Coronavirus State and Local Fiscal Recovery Funds (FRF). Of particular interest to housing stakeholders are sections 1.8 (use of funds by nonprofits); 2.14 (investments in affordable housing); 2.24 (eviction prevention and housing stability); 4.2 (infrastructure costs in affordable housing); 4.9 (use of FRF for loans, including more detail on cost of the loan and revolving loan funds); 6.15 (application of Davis-Bacon Act requirements), and 13.11 (treatment of program income).
