COVID-19 relief policies: impacts for architects

Submitted by francescadimar… on Thu, 03/26/2020 - 19:10
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{"version":"0.3.0","atoms":[],"cards":[],"markups":[["em"],["strong"],["a",["href","https:\/\/www.aia.org\/press-releases\/6288836-aia-commends-congressional-approval-of-cov","target","_new"]],["a",["href","https:\/\/p2a.co\/Ae7czTU","target","_new"]],["a",["href","http:\/\/content.aia.org\/sites\/default\/files\/2020-04\/ADV20_342357_C-19_CARES-FAQs_sm_v03.pdf ","target","_new"]],["b"],["a",["href","https:\/\/www.aia.org\/press-releases\/6282199-aia-praises-congress-for-advancing-despera"]],["a",["href","http:\/\/content.aia.org\/sites\/default\/files\/2020-03\/COVID-Bill-3-Summary-for-members-FINAL.pdf"]],["a",["href","http:\/\/content.aia.org\/sites\/default\/files\/2020-03\/AIA.HR6201_Summary_3_19_2020_FINAL_with_members.pdf"]],["sup"],["a",["href","https:\/\/www.aia.org\/press-releases\/6280855-aia-implores-congress-to-provide-relief-to"]],["u"],["i"]],"sections":[[1,"p",[[0,[0],1,"Last updated : May 19, 2020"]]],[1,"p",[[0,[1],1,"House passes additional relief \u2013 May 15"]]],[1,"p",[[0,[],0,""],[0,[],0,"The U.S. House of Representatives passed the Health and\nEconomic Recovery Omnibus Emergency Solutions Act (HEROES Act) on May 15. "]]],[1,"p",[[0,[],0,"Unlike some previous legislative proposals that were\npre-negotiated between the House, Senate, and White House, this bill is not\nexpected to pass the Senate in its current form. "]]],[1,"p",[[0,[],0,"The HEROES Act includes some of AIA\u2019s priorities, including\nexpanding eligibility for the Paycheck Protection Program to 501(c)(6)\norganizations and providing roughly $1 trillion in funding for state and local\ngovernments, which could support appropriations for capital improvement\nprojects."]]],[1,"p",[[0,[],0,"AIA continues to work with bipartisan leaders in the House,\nSenate, and White House to advocate for AIA\u2019s priorities in each stage of the\nlegislative process."]]],[1,"p",[[0,[1],1,"Congress approves additional economic relief \u2013 April 23"]]],[1,"p",[[0,[],0,"Following House and Senate "],[0,[2],1,"passage "],[0,[],0,"of the Paycheck\nProtection Act of 2020, AIA encourages firms seeking economic relief from\nchallenges presented by COVID-19 to act swiftly in applying for funding\nprovided in the stimulus package."]]],[1,"p",[[0,[],0,"This latest economic relief bill provides more than $320\nbillion dollars in funding for the Paycheck Protection Program (PPP) and\nallocates an additional $10 billion for the emergency Economic Injury Disaster\nLoan Program (EIDL). PPP provides a maximum loan benefit of up to\ntwo-and-a-half times the average monthly payroll costs for the previous\ncalendar year\u2014not to exceed $10 million\u2014to qualifying small businesses with\nfewer than 500 employees and sole proprietors. EIDL provides qualifying\nbusinesses in a declared disaster zone that have fewer than 500 employees with\ncoverage for operating costs and payroll. Qualifying businesses can apply for\neither loan\u2014both are available on a first-come, first-served basis\u2014while\nfunding is available, but businesses cannot receive both loans. "]]],[1,"p",[[0,[],0,"To support the latest economic relief bill, AIA members issued more than 3,600 "],[0,[3],1,"letters "],[0,[],0,"to members of Congress advocating for additional federal funding of PPP and EIDL."]]],[1,"p",[[0,[4],1,"Complete details on both programs are available on AIA\u2019s\nwebsite"],[0,[],0,". "]]],[1,"p",[[0,[5],1,"COVID-19 relief package\nsigned into law \u2013 March 27"]]],[1,"p",[[0,[],0,"The AIA applauded House\npassage of the COVID-19 relief package, which President Trump swiftly signed\ninto law. "]]],[1,"p",[[0,[],0,"\u201cWorkers and employers need\nimmediate relief, and we\u2019re grateful that Congress acted swiftly to approve\nbipartisan legislation to aid businesses of all sizes,\u201d said 2020 AIA President\nJane Frederick, FAIA. \u201cAs the architecture industry does its part to help\nnavigate this unprecedented crisis, we\u2019ll continue to work with federal, state,\nand local policymakers to work toward economic stimulus and infrastructure\ninvestment policies that are critical to economic recovery.\u201d"]]],[1,"p",[[0,[5],1,"Senate approves\nrelief package \u2013 March 25"]]],[1,"p",[[0,[],0,"The AIA praised passage of the third economic relief package, which\nwas "],[0,[6],1,"approved"],[0,[],0," by the\nSenate March 25, and will provide significant financial support to small\nbusinesses and their employees during the COVID-19 pandemic. The House of\nRepresentatives is expected to pass the bill on Friday."]]],[1,"p",[[0,[],0,"In addition to funding for hospitals and hard-hit industries like\nairlines, hospitality and cargo, the $2 trillion-plus emergency rescue package\nallocates $367 billion for small businesses. \n"]]],[1,"p",[[0,[],0,"\u201cThis is the most significant relief for businesses the Senate has\napproved since the COVID-19 crisis began,\u201d said 2020 President Jane Frederick,\nFAIA. \u201cWe\u2019re pleased that all of these vital businesses are rightfully\nrecognized as a priority. Architects will be a critical part of economic\nrecovery, and AIA has forcefully advocated for infrastructure investment to\nstimulate recovery, as well as relief for businesses and employees. This relief\npackage is a good start, and AIA continues to work with policymakers to ensure\nour members\u2019 priorities are included in additional legislation as we continue\nto address this crisis.\u201d"]]],[1,"p",[[0,[],0,"Almost 80 percent of AIA members are small businesses. Approval\nfor the latest relief legislation advances a number of AIA-supported measures\nto help meet the needs of firms and AIA members, including the Paycheck\nProtection Program for small businesses and sole proprietors, low interest\nloans to mid-sized businesses, and the Employee Retention Credit for all\nbusinesses. The package allows employers to defer payroll taxes during the\ncrisis and provides direct payments to Americans under certain income\nthresholds. AIA also supports the package\u2019s provisions to support students and\nthose with student loan debt."]]],[1,"p",[[0,[7],1,"More\ndetails"]]],[1,"p",[[0,[5],1,"Additional legislative action"]]],[1,"p",[[0,[],0,"Policymakers previously\napproved H.R. 6201, the Family First Coronavirus Response Act, on March\n18. The emergency legislation provides\nindividuals affected by the novel coronavirus paid leave, food assistance and\nincreased unemployment insurance. Additionally, H.R. 6201 provides tax credits\nto employers to offset the costs of providing emergency sick leave, as well as\nother "],[0,[8],1,"provisions"],[0,[],0,"\nimpacting small businesses and self-employed workers. "]]],[1,"p",[[0,[],0,"A previous coronavirus\nresponse measure signed into law on March 6 provided about $8 billion for\nimmediate response efforts to the Health and Human Services Department, State\nDepartment, U.S. Agency for International Development, and Small Business\nAdministration."]]],[1,"p",[[0,[8],1,"More\ndetails "]]],[1,"p",[[0,[5],1,"AIA advocacy"]]],[1,"p",[[0,[],0,"As policymakers consider additional relief legislation, AIA\u2019s\nmembers are calling for significant investments in 21"],[0,[9],1,"st"],[0,[],0," Century\ninfrastructure and temporary relief measures for business owners. Both will\nprovide much-needed relief in the short-term; reassurance to global markets;\nand help prepare this country for the challenges ahead. "]]],[1,"p",[[0,[],0,"AIA "],[0,[10],1,"sent a letter"],[0,[],0," to House Speaker\nNancy Pelosi and Senate Majority Leader Mitch McConnell on March 19 calling on\npolicymakers to address the critical needs of business owners and employees\nduring the COVID-19 pandemic and outlining the infrastructure investment that\nis critical to stimulating America\u2019s economic recovery. "]]],[1,"p",[[0,[],0,"To date, AIA members have issued 4500 letters\nto members of Congress urging support for frontline responders, as well as a\nvariety of economic relief measures, including:"]]],[1,"p",[[0,[11],1,"Relief for Business Owners and\nEmployees"]]],[1,"p",[[0,[],0,"To address pressing short-term\neconomic needs, expansion of temporary relief for business owners is critical to\navoid lay-offs and the sharp economic downturn that would follow. Architecture\nfirms come in all sizes, but the majority are classified as small businesses. AIA\nurges the following relief for businesses:"]]],[3,"ul",[[[0,[],0,"\nSmall Business Interruption Loans for\nbusinesses under 500 employees to cover the costs of payroll while employees\nmay not be able to work due to their own health concerns or the effects of\nsocial isolation on a massive scale. "]],[[0,[],0,"Increase access to unsecured credit to all\nemployers so that they can cover costs associated with payroll, rent, and other\nobligations in the immediate term. "]],[[0,[],0," \nSuspend the collection of business taxes,\nincluding payroll tax, for the duration of the pandemic."]],[[0,[],0,"\nSuspend the current policy limiting what\nlosses pass-through entities may deduct (Section 461(l)). Many architecture\nfirms are pass-through entities, and they should be able to deduct all losses\nincurred this year in the next tax cycle. "]]]],[1,"p",[[0,[11],1,"Infrastructure Investment"]]],[1,"p",[[0,[],0,"Once this health crisis has been fully\naddressed, we will need sustained investment to revive the economy.\nInfrastructure investment is a powerful tool to stimulate the economy and\nprovide reassurance to Americans that the coming days will be better.\nInfrastructure for the 21"],[0,[9],1,"st"],[0,[],0," Century should not only include\ninvestment in roads, bridges, and other horizontal infrastructure, though those\nupdates are sorely needed. Today\u2019s infrastructure investment must also include\nvertical infrastructure, including hospitals, schools, affordable housing, and\nother public buildings. "]]],[1,"p",[[0,[],0,"This global pandemic has laid bare the\npreexisting resource shortage currently facing many of these facilities.\nBuildings must be resilient in the face of these disasters, while also not\nfurther contributing to the generation of greenhouse gas emissions that contribute\nto unhealthy air quality. We must expect more from the built environment than\never before. AIA urges policymakers to work with architects and other building\nprofessionals to meet the needs of 21"],[0,[9],1,"st"],[0,[],0," Century Infrastructure:"]]],[3,"ul",[[[0,[],0,"Invest a minimum of $300 billion over five\nyears in resilient vertical infrastructure."]],[[0,[],0,"\nWork with architects and other professionals\nto modernize sanitation and change assumptions about public health practices."]],[[0,[],0,"\nReimagine design of public buildings and\npublic spaces to encourage handwashing and enable social distancing as\nnecessary. "]],[[0,[],0,"Address inequities in broadband coverage so\nthat Americans in all regions have equal access attend work or school\nremotely. "]]]],[1,"p",[[0,[5,12],2,"The architecture community stands ready to work with federal,\nstate, and local policymakers to help our communities through this crisis and\nbuild facilities worthy of the future. "]]]]}
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The COVID-19 health crisis strikes at the very core of this mission, and AIA welcomes congressional action to support frontline responders and address short- and long-term economic needs.
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COVID-19, PPP, EIDL, Economic Injury Disaster Loan Program, Paycheck Protection Program
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