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2020 Annual Report - Leading Through Crisis
2020 Annual Report - Leading Through CrisisFull story: 2020 Annual Report - Leading Through Crisis -
Roundtable Discussion with North America’s Building Trades Unions President Sean McGarvey on COVID-19, Racial Inequality, Workforce Training and Infrastructure
Full story: Roundtable Discussion with North America’s Building Trades Unions President Sean McGarvey on COVID-19, Racial Inequality, Workforce Training and Infrastructure -
Fed Chairman Testifies Congressional Stimulus Measures Should Continue as Main Street Lending Program Launches; Regulators Support Financing to Non-Bank Lenders
Federal Reserve Chairman Jerome Powell told House and Senate policymakers this week that economic support for workers and businesses adversely affected by COVID-19 should continue, adding that until COVID-19 is fully contained, “a full recovery is unlikely.” ...Full story: Fed Chairman Testifies Congressional Stimulus Measures Should Continue as Main Street Lending Program Launches; Regulators Support Financing to Non-Bank Lenders -
Treasury Secretary Mnuchin and Industry Leaders Address Coronavirus Policy Response, Racial Injustice, and Reopening Challenges
The Real Estate Roundtable’s first Virtual Annual Meeting this week attracted nearly 300 Roundtable members who remotely accessed discussions with Treasury Secretary Steven Mnuchin and industry leaders on COVID-19 policy responses, racial injustice and business reopening challenges. The Roundtable’s policy advisory committee meetings also held their first remote meetings ...Full story: Treasury Secretary Mnuchin and Industry Leaders Address Coronavirus Policy Response, Racial Injustice, and Reopening Challenges -
The Real Estate Roundtable Stands in Solidarity Against Racism and Injustice
Statement from Roundtable Chair Debra Cafaro and Roundtable President and CEO Jeffrey DeBoer: "Systemic racism and injustice is a pandemic that has plagued our nation for far too long. The real estate industry must help to eliminate at its core this scourge in our society and economy. The moment for leadership is now. The Real Estate Roundtable commits to motivate meaningful and lasting change within our spheres of influence." See full statement ...Full story: The Real Estate Roundtable Stands in Solidarity Against Racism and Injustice -
Industry Leaders Respond to Racial Injustice; Rental Concerns Amid COVID-19 Lockdowns Add to Uncertainty
Real estate industry leaders this week responded to protests against racial injustice throughout the nation sparked by the May 25 death of George Floyd in Minneapolis. Real Estate Roundtable Chair Debra Cafaro (Chairman and CEO, Ventas, Inc.) on June 2 stated...Full story: Industry Leaders Respond to Racial Injustice; Rental Concerns Amid COVID-19 Lockdowns Add to Uncertainty -
Pandemic Risk Insurance Proposals Include House Legislation Modeled on TRIA
House Democrats and the insurance industry recently released separate proposals aimed at expanding the availability of pandemic-related business interruption insurance. Legislation introduced on May 26 by Congresswoman Carolyn B. Maloney (D-NY) ...Full story: Pandemic Risk Insurance Proposals Include House Legislation Modeled on TRIA -
Policymakers Debate Timing of Next COVID-19 Response; Fed Report Warns Pandemic May Force Significant CRE Asset Repricing
After the House of Representatives last Friday passed a $3 trillion coronavirus relief bill, Republican policymakers have signaled they may be open to another COVID-19 bill, but on a measured basis...Full story: Policymakers Debate Timing of Next COVID-19 Response; Fed Report Warns Pandemic May Force Significant CRE Asset Repricing -
Senate, House Signal Openness to PPP Reforms as Business Coalitions Urge Policymakers to Strike “75/25 Rule,” Extend Loan Forgiveness Period
Congressional lawmakers are taking steps to improve key terms of the Paycheck Protection Program (PPP) to help small business borrowers deal with the economic impact of the global pandemic. Under the CARES Act, a portion of PPP loans can be forgiven for the eight week period after origination ...Full story: Senate, House Signal Openness to PPP Reforms as Business Coalitions Urge Policymakers to Strike “75/25 Rule,” Extend Loan Forgiveness Period