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.
What COVID-19 Means for 2020 State Legislative Sessions
As of March 18, NCSL reports 16 states and one territory have postponed their legislative sessions: California, Colorado, Connecticut, Delaware, Georgia, Hawaii, Illinois, Iowa, Louisiana, Minnesota, Nebraska, New Hampshire, New York, Rhode Island, Vermont, Virgin Islands, and Wisconsin. Some are considering scheduling special sessions for later this year. Many of these postponements and suspensions will last until the end of March when legislators will reassess the status of the COVID-19 pandemic.
Federal Government Affairs Update
41 states and the District of Columbia 2020 legislative sessions have commenced, and CAI is tracking more than 1,000 pieces of legislation impacting community associations. In addition, U.S. Congress is in session and the federal agencies continue their work—some of...
