AAFAF - Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico
American Rescue Plan Act of 2021: Resources for Local Governments
Read on to learn about stimulus programs
In response to the global emergency and economic disruption caused by the COVID-19 pandemic, the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA) continues to work diligently to support Puerto Rico’s path to economic recovery. The United States Federal Government and the Government of Puerto Rico have established several stimulus programs to aid individuals, families, and businesses during this pandemic.
About the American Rescue Plan (ARPA)
The American Rescue Plan (2021) is providing fast and direct economic assistance for American workers, families, small businesses, and industries. The American Rescue Plan continues many of the programs started by the CARES Act (2020) and Consolidated Appropriations Act (2021) by adding new phases, new allocations, and new guidance to address issues related to the continuation of the COVID-19 pandemic. The American Rescue Plan also creates a variety of new programs to address continuing pandemic-related crises, and fund recovery efforts as the United States begins to emerge from the COVID-19 pandemic. The American Rescue Plan was passed by Congress on March 10, 2021 and signed into law on March 11, 2021.
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Economic Impact Payments

The Treasury Department, the Office of Fiscal Service, and the Internal Revenue Service (IRS) provided three rounds of fast and direct relief payments during the various phases of the COVID-19 crisis. Payments from the third round continue to go out to Americans across the country

Homeowner Assistance Fund

The American Rescue Plan provides nearly $10 billion for states, territories, and Tribes to provide relief for our country’s most vulnerable homeowners.

State and Local Fiscal Recovery Fund

The American Rescue Plan provides $350 billion dollars in emergency funding for state, local, territorial, and Tribal governments to remedy this mismatch between rising costs and falling revenues.