EPA Announces Targeted AirShed Grants

Nine projects receive $3-4 million each

  • 2 May 2018
  • Author: Mike Miller
  • Number of views: 554
  • 0 Comments
Today the US Environmental Protection Agency (EPA) announced the award of nine Targeted Airshed Grants to projects in Alaska, California, and Utah.

White House and Treasury Announce Fundamental Change to Tax Rulemaking

  • 13 April 2018
  • Author: Aindriu Colgan
  • Number of views: 588
  • 0 Comments

After months of trading punches Director Mick Mulvaney of the White House’s Office of Management and Budget (OMB) and Treasury Secretary Steven Mnuchin released a memorandum of agreement (MOA) that creates a new framework for writing, reviewing, and implementing tax regulations.  In short, the MOA requires OMB’s Office of Information and Regulatory Affairs (OIRA) to review major tax regulations—just as it does major rulemakings from any other executive branch agency.  This is a fundamental change from a 1983 agreement, under which Treasury had hitherto operated, that exempted most tax regulations from review.

W&M Reports Suite of IRS Reform Bills

  • 13 April 2018
  • Author: Aindriu Colgan
  • Number of views: 544
  • 0 Comments
On Wednesday, the House Ways and Means Committee marked up and unanimously reported 12 bills to reform the IRS. The bipartisan packaged was sponsored by Oversight Subcommittee Chairman Lynn Jenkins (R-KS) and Ranking Member John Lewis (D-GA) and is designed to modernize the IRS and improve customer service. The package requires the IRS to send Congress by September 30, 2020 a comprehensive written plan for reorganizing the agency, including priorities laid out by lawmakers.

IRS Rules Prepaid Property Taxes May Still Be Deductible on 2017 Returns

  • 11 April 2018
  • Author: Aindriu Colgan
  • Number of views: 474
  • 0 Comments
The IRS ruled that taxpayers who prepaid their 2018 property taxes may still be able to deduct the entire amount from their 2017 federal taxes without regard to the $10,000 limit imposed by the Tax Cut and Jobs Act.

Increased Costs of Municipal Financing

Unintended Consequences of the Tax Cuts and Jobs Act

As you know, both corporate and individual tax rates were reduced in last year’s Tax Cuts and Jobs Act. Lower tax rates make tax-exempt vehicles like municipal bonds less attractive to both corporate and individual investors; with lower tax rates, they have less incentive to look for tax-exempt investments. Reduced demand for municipal bonds and other tax-exempt investment vehicles like private activity bonds (PABs) means that cities will have to increase the interest rates on new bond issues in order to attract investors.
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Grant Due: FY 2025-2026 Innovative Finance and Asset Concession (IFAC) Grant Program

WHAT DOES IT FUND? The purpose of this program to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development, financing, construction, maintenance, and operation, including by assisting eligible entities in entering into Asset Concessions. Click here for more information.

WHO'S ELIGIBLE? Public entities that own, control, or maintain Existing Assets, and have the legal authority to enter a contract to transfer ownership, maintenance, operations, revenues, or other benefits and responsibilities for those Assets

TOTAL FUNDING AMOUNT? $45.98 million

WHEN IS IT DUE? October 1, 2025

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Grant Due: FY 2025 Rural and Tribal Assistance Pilot Program (Updated)

WHAT DOES IT FUND? The purpose of this program is to help applicants develop transportation infrastructure projects in rural and tribal communities that will qualify for federal funding and financing programs for additional development phase activities or construction. Funding will support either the hiring of staff or the procurement of expert firms to provide financial, technical, and legal assistance with project-related planning and design phase activities. Click here for more information.

WHO'S ELIGIBLE? Rural local governments or political subdivisions, states, federally recognized tribes, and the Department of Hawaiian Homelands

TOTAL FUNDING AMOUNT? $54.2 million

WHEN IS IT DUE? October 8, 2025

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Grant Due: FY 2025-2029 Residential (Group Home, Shelter, Transitional Foster Care) Services for Unaccompanied Alien Children

WHAT DOES IT FUND? The purpose of this program is to provide temporary residential care to unaccompanied alien children by supporting group home, shelter, and transitional foster care (TFC) providers that specialize in high-quality care of children. Click here for more information.

WHO'S ELIGIBLE? State and local governments, educational institutions, Native American tribal governments, non-profit organizations, for-profit organizations, small businesses, and faith-based and community organizations

TOTAL FUNDING AMOUNT? $1.5 billion

WHEN IS IT DUE? October 14, 2025; April 1, 2026; September 1, 2028

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US Congressional Calendar

Alex Yiannoutsos
/ Categories: News, News & Alerts, Grants, Other

TFG Monitoring Developments of Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs

On January 27, the Office of Management and Budget (OMB) under President Trump issued a memorandum titled “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.” The directive mandates Federal agencies to temporarily suspend the obligation and disbursement of federal financial assistance while conducting a comprehensive review of programs and awards to ensure alignment with the administration’s policies and priorities. As part of this review, agencies are also instructed to temporarily suspend the issuance of new program solicitations.

Certain financial assistance programs, such as Social Security, Medicaid, SNAP, Pell Grants, Head Start, and Rental Assistance, are specifically named as being exempt from the pause (OMB FAQs). The funding suspension will officially take effect on January 28, 2025, at 5:00 PM, with agencies required to submit detailed reports by February 10, 2025, identifying programs, projects, or activities impacted by the pause.

We are actively monitoring the situation and remain committed to keeping clients informed with the most up-to-date information and guidance. TFG will publish Special Reports with weekly updates, to ensure clients are well-informed and prepared to navigate these developments.

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Latest TFG News

28 January 2025

TFG Monitoring Developments of Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs

On January 27, the Office of Management and Budget (OMB) under President Trump issued a memorandum titled “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.” The directive mandates Federal agencies to temporarily suspend the obligation and disbursement of federal financial assistance while conducting a comprehensive review of programs and awards to ensure alignment with the administration’s policies and priorities. As part of this review, agencies are also instructed to temporarily suspend the issuance of new program solicitations.

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