Trump Signs $2 Trillion CARES Act into Law

Friday, March 27, 2020 - 2:30pm

President Donald Trump today signed the Coronavirus Aid, Relief and Economic Security (CARES) Act (Senate Amendment to H.R. 748), a $2 trillion bill that includes financial aid to individuals, businesses, nonprofits and state and local governments. While the CARES Act doesn’t contain major community development or affordable housing provisions, a fourth COVID-19 relief legislative package may do so.

Novogradac will host a free webinar on the legislation Wednesday and a Notes from Novogradac blog post examines the legislation. For more COVID-19 information, go to Novogradac’s dedicated page.