Congress Contemplates Next Round of COVID-19 Legislation
The U.S. economy came to a screeching halt because of the national emergency and shelter-in-place or stay-at-home orders issued around the country in mid-March due to the COVID-19 pandemic. As a result, a small group of Congressional leadership started negotiating the...
CAI’s Guide to the SBA Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) is a $349 billion federal government loan and grant program to help small businesses remain solvent and retain employees during the COVID-19 pandemic. The PPP is administered through the Small Business Administration 7(a) loan...
A Guide to Small Business Administration Economic Injury Disaster Loans
The Federal government’s Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) provides long-term, low-interest loans to stabilize nonprofit organizations (community associations) and small businesses experiencing a substantial economic injury as a...
Federal COVID-19 Laws Impacting Community Associations
When President Trump signed the March 13, proclamation declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak, a number of federal actions impacting community associations were enforced. Federal regulatory agencies mandated moratoriums on mortgage foreclosures and evictions and instituted loan forbearance programs. Congress passed stimulus legislation impacting small businesses, employees, and individuals.
