Prospanica South FL Chapter

South Florida! Two events happening this week to keep on your radar:

1) New York Life’s South Florida General Office is hosting a networking event on Wednesday April 22 at 6:00 PM EST providing an opportunity to connect with financial professionals and managers from the company and open the door for career conversations within New York Life.
Register here: https://lnkd.in/eRg8Fkrj

2) Prospanica Tampa Bay is hosting a free virtual Financial Literacy Professional Development panel on Thursday April 23 at 6:30 PM EST that will feature various Prospanica leaders and finance experts from across the country as well as financial advisors from Thrivent. A great opportunity to connect with Prospanica National from the comfort of your home as well as learn more about career opportunities within a Fortune 500 financial services organization. Register here: xhttps://lnkd.in/eCRFZJYe

INDUSTRY CORONAVIRUS RELIEF

INDUSTRY CORONAVIRUS RELIEF

The Consolidated Appropriations Act of 2021, signed into law on Sunday, encompasses $900 billion in coronavirus relief and $1.4 trillion in government spending. The legislation includes several measures that benefit apartment firms, including $3.5 billion for Community Development Block Grants, $1.35 billion for the HOME Investment Partnership Program and $13.5 billion for Project-Based Rental Assistance, according to a statement last week by the National Multifamily Housing Council (NMHC).

The package also provides $25 billion to the Treasury Department for a new Emergency Rental Assistance program, along with various measures expected to shore up household finances, including $300 in federal unemployment assistance through March 14 and direct payments of $600 to individuals earning up to $75,000 per year and married couples earning up to $150,000 per year.

NMHC found that 89.8 percent of households made a full or partial rent payment by December 20, based on a survey of 11.5 million professionally managed apartment units across the country. That figure was down by 3.4 percentage points, or 392,952 households, compared to the share who paid rent through December 20, 2019.