HHS Provider Relief Fund Update—Phase 3 Funding
The Phase 3 General Distribution from the Provider Relief Fund is a distribution of $20 billion that was announced on October 1 and is open to all eligible providers from earlier Provider Relief Fund distributions. The Phase 3 distribution is meant to bring all qualified providers to a “baseline” distribution equivalent to 2% of revenue for a single year. Applications for the Phase 3 disbursement are due no later than November 6 at 11:59 pm ET. We strongly urge all assisted living communities to apply. Approximately 10–14 days after all applications are received, HHS will announce the methodology and proportion of losses that applicants are to receive.
Please note: It is important that you apply for Phase 3 even if you haven’t had your first payment processed from the Phase 2 General Distribution. You do not have to wait until your Phase 2 application is processed or funds are received before you can apply for the next round of funding. We strongly urge you to complete your application before the November 6 deadline to ensure that you will be eligible to receive this round of funding. You can read more here from Argentum about the Phase 3 distribution and how to apply.
North Carolina Assisted Living Association