Treasury Provides More Information on Coronavirus Capital Projects Fund
On September 24, the US Treasury opened the online application portal for the Coronavirus Capital Projects Fund (CPF), making $10 billion available to states, territories, and freely associated states. The online application portal for Tribal governments will launch on October 1. CPF funds are intended for projects that “enable work, education, and health monitoring, including remote options, in response to the public health emergency.” Capital Projects Fund recipients may award funds to subrecipients, which includes other levels or units of government, non-profits, or private entities.
Eligible projects must fit the following criteria to qualify for CPF funding:
- The capital project invests in capital assets designed to directly enable work, education, and health monitoring.
- The capital project is designed to address a critical need that resulted from or was made apparent or exacerbated by the COVID-19 public health emergency.
- The capital project is designed to address a critical need of the community to be served by it.
The Treasury will be hosting informational webinars for eligible recipients:
- States, Territories & Freely Associated States—September 30 at 3pm (Eastern)
- Tribal Governments—October 6 at 3pm (Eastern)
For more information on the COVID Capital Projects Fund, visit the US Treasury webpage: Capital Projects Fund