CARES Act Updates

CARES Act

 

8/27/2021 UPDATE:

CIRI announces the Direct Assistance Program. Click HERE for more details.

8/11/2021 UPDATE: CIRI Receives CARES Act Funding 

In June of this year, the Supreme Court of the United States delivered a favorable decision for ANCs. This week, CIRI received its allocation of CARES Act funding in the amount of $111.8 million.  

CIRI and its socially driven enterprises, Cook Inlet Housing Authority, Cook Inlet Tribal Council and Southcentral Foundation, are carefully following the guidance provided by the U.S. Department of Treasury relative to planned expenditures of the CARES Act funds, which must be utilized for COVID-19 related expenses. For instance, according to the guidance from Treasury, CARES Act funding may not be used for special dividends, nor can it be used for corporate bonuses or to cover lost company revenues.  

Under the guidance, the programs and projects that CIRI and its socially driven enterprises have identified as best suited to receive funding will support Alaska Native healthcare and child and Elder needs. Projects will also address homelessness and housing instability, workforce re-entry and family impacts, including the potential to provide financial assistance grants directly to CIRI shareholders and their descendants who have been negatively affected by COVID-19. 

In undertaking this work, CIRI is committed to working with other Alaska Native Corporations, along with communities and federally recognized tribes in the Cook Inlet region to ensure a collaborative approach is taken in the disbursement of these relief funds.  

In the coming weeks and months, CIRI will continue to keep you informed of our progress and work on these relief efforts. Program and project updates will be announced through our regular communication channels, so please ensure that your CIRI contact information is current and keep an eye out for future announcements.