RER- At The Intersection Of Real Estate And Public Policy

CORONAVIRUS RESPONSE
The Roundtable, Public Policies, and The Economy

The Real Estate Roundtable's has released its "8-Point Plan to Improve the Payroll Protection Program (PPP)." The Roundtable has also summarized the "Coronavirus Aid, Relief and Economic Security (CARES Act) and Implications for U.S. Real Estate" with information on its loan programs, tax relief, and Federal Reserve actions within the $2.2 trillion emergency relief package…

The Roundtable's 8-Point Plan

April 17, 2020 High Demand Depletes Small Business Loan Program as Congress Negotiates More Funding; President Trump Announces “Guidelines to Open Up America Again” The Small Business Administration (SBA) yesterday announced that the Covid-19 Paycheck Protection Program (PPP) hit its $349 billion limit after successfully processing more than 1.6 million loans since the program launch on April 3. The PPP – funded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act for small businesses struggling with the economic shocks of the pandemic – was quickly depleted as Congress continued negotiations over how to replenish funding. Read Full Article