We reported in April that condominium and cooperative boards would likely be ineligible for Paycheck Protection Program (PPP) loans based upon an interim ruling from the Small Business Administration....more
On April 2, we advised that condo and coop boards would likely be eligible for Paycheck Protection Program (PPP) loans based upon the language of the Coronavirus Aid, Relief and Economic Security Act (CARES Act)....more
President Trump recently signed into law two sweeping pieces of legislation that multifamily real estate owners, including condominium and cooperative boards, need to be aware of and need to act upon to protect their...more