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CARES Act Economic Impact Payments May Not Automatically Reach 9,900 Eligible Granite Staters

June 18, 2020 Common Cents
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March was the largest piece of legislation aimed at providing relief and support in response to the COVID-19 crisis. A key type of aid being distributed is direct cash payments, officially called Economic Impact Payments (EIPs). These payments are sent by the U.S. Internal Revenue Service to eligible individuals and families who earned incomes within specified thresholds, based on their last tax filing. These payments are designed to directly support those who may be facing additional financial burdens as a result of the COVID-19 crisis, while also potentially stimulating local economies. The program makes several groups of individuals ineligible for this aid, and may result in thousands of Granite Staters with very low incomes not receiving their EIP without additional outreach and support.

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Eviction Moratorium to End July 1 as State Establishes New Housing Assistance Program

June 18, 2020 Common Cents
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On June 11, Governor Sununu appropriated $35 million in federal assistance to a new program designed to help residents keep their existing housing or secure permanent housing, providing critical support when many people have lost regular income during the COVID-19 crisis. This support comes as the Governor announced the current moratorium on evictions and foreclosures will expire July 1, 2020, increasing the risk of Granite Staters losing their homes.

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The COVID-19 Crisis Contributes to Increased Need for Mental Health Supports

June 12, 2020 Common Cents
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The COVID-19 pandemic and the necessary actions to mitigate the health impacts may increase the need for mental health and substance use disorder support, due to exacerbated emotional stress. The uncertainty surrounding the crisis, social isolation, anxiety, and poor economic conditions may negatively impact mental health. Previous research suggests loss of financial assets, job loss, and the potential for job loss have had negative impacts on mental health. Survey data show the impacts have already had substantial effects on the mental health of many individuals throughout the nation, as nearly half of all adults in the United States reported negative impacts on their mental health due to worry and stress over the 2019 novel coronavirus. In New Hampshire, significant portions of the adult population report experiencing elevated feelings of worry, anxiety, and depression, with disproportionate impacts on the mental health of adults who experienced an income loss within their household.

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CARES Act Economic Impact Payments May Not Automatically Reach 9,900 Eligible Granite Staters

18 Jun 2020

tree with coins

The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March was the largest piece of legislation aimed at providing relief and support in response to the COVID-19 crisis. A key type of aid being distributed is direct cash payments, officially called Economic Impact Payments (EIPs). These payments are sent by the U.S. Internal Revenue Service to eligible individuals and families who earned incomes within specified thresholds, based on their last tax filing. These payments are designed to directly support those who may be facing additional financial burdens as a result of the COVID-19 crisis, while also potentially stimulating local economies. The program makes several groups of individuals ineligible for this aid, and may result in thousands of Granite Staters with very low incomes not receiving their EIP without additional outreach and support.

NHFPI Seventh Annual Conference

NHFPI Annual Conference