Anchorage is rolling out extra aid cash for individuals and companies hit arduous by the pandemic.
Final week, the Anchorage Meeting licensed Appearing Mayor Austin-Quinn Davidson to simply accept greater than $35 million in federal money for emergency rental help and utility aid.
On Monday, town additionally introduced a $7 million aid grant program for companies within the tourism business.
The $35-plus million in rental aid comes from the federal coronavirus support invoice handed in December. It’s arriving simply as funds for the municipality’s present rental and mortgage help program are operating dry, based on town.
Over the summer season, town allotted $20 million in support from its CARES Act funds, launching its rental and mortgage help program. That program was exhausted by the tip of December, and the Meeting in December allocated another $6.4 million to bridge the hole till the brand new spherical of federal cash got here by.
The necessities for the brand new funds will likely be barely completely different — the federal aid funds now embrace cash to assist pay utility payments, however don’t embrace cash for mortgage help.
Town has briefly paused purposes for its rental help program with a view to put together for the brand new funding, which comes with extra eligibility and reporting necessities, based on its announcement.
Chris Schutte, Anchorage’s financial and group growth director, mentioned at a press convention final week that the cash will likely be disbursed to people all through the group over the approaching yr.
The municipality’s earlier lease and mortgage program served greater than 7,000 households, distributing a complete of $26.4 million, town mentioned. It has been run in partnership between town, United Manner of Anchorage and Lutheran Social Providers of Anchorage.
Town will begin accepting applications on Feb. 3 for its tourism grant program, which is able to give cash to companies and organizations that rely totally on tourism and have misplaced cash attributable to plummeting vacationer numbers in the course of the pandemic.
Like different business aid packages the municipality has run, the grants will likely be offered in three tiers — $10,000, $25,000, or $50,000, relying on the dimensions of the enterprise, measured by its 2019 earnings.
The deadline to use is Feb. 17. A panel together with representatives of town, Go to Anchorage and “group and philanthropy advisors” will overview purposes, based on town’s announcement. Go to Anchorage will disburse the funds.
• 70% or extra of its annual gross receipts should be from guests touring to Anchorage.
• The enterprise will need to have misplaced greater than 60% of its earnings in 2020 in comparison with 2019, because of the pandemic lowering visitation to Anchorage, deterring vacationers and prospects or inflicting the cancellation of conferences and conventions, for instance.
• If a enterprise already acquired grants from town’s hospitality grant program in tiers A, B or C, then it isn’t eligible.
• If the enterprise acquired different grants or funding it may nonetheless be eligible for the tourism grant, however any support already acquired in 2020 or loans which might be eligible for forgiveness should be included when calculating 2020 income.