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Through the American Rescue Plan Act (ARPA) State Fiscal Recovery Funds, this new program implemented by the Office of Planning and Budget will provide direct aid to hotels who can demonstrate a negative economic impact of COVID-19. A total of $150 million will be allocated for the establishment of an economic recovery fund for Hotels impacted by COVID-19.
for the corresponding slides.
Program Contact: [email protected]
Application Period: May 15, 2023- Until Funding is Expended
Program Total: $150,000,000
Award Amount: Varies (5% of demonstrated revenue loss of 15% or greater)
Grantee Type: Beneficiary
Eligible Applicants: Owners of hotels or bed-and-breakfasts operating during 2020 who meet the eligibility criteria outlined with the NOFO.
You are eligible for grant funds if you meet the following criteria.
Eligible Applicants must demonstrate the negative impact of COVID-19 by providing:
Eligible Use of Funds:
Funds will be awarded for operational costs associated with maintaining and running a property based on the demonstrated loss incurred by the hotel or bed-and-breakfast. Examples of operational costs include but are not limited to rent, insurance, wages, utility costs, sales and accounting, marketing, and travel agent commissions.
More information is forthcoming.
OPB's Hotel Relief application opened on May 15, 2023.
An application checklist to assist you with ensuring all supporting documentation is included in your application be found
. It is crucial that you complete each step in the process including uploading required documents that are complete.
Required application documents include but are not limited to the following: