Loebsack & Brownlee reviews the CARES Act

On Friday, March 27, 2020, Congress passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

As “Phase Three” of an extensive federal relief package, this legislation includes nearly $2 trillion in relief intended to mitigate the enormous economic effects of COVID-19 (also known as coronavirus) on the American economy and bolster the nation’s ability to fight the ongoing public health emergency.

The CARES Act is the culmination of two tumultuous weeks of political wrangling in Washington, D.C., where the Capitol Complex was shuttered except for members of Congress, Trump Administration officials and their staffs who have been hashing out the details of urgently needed legislation.

The CARES Act contains a number of provisions that will have significant impacts on the apartment industry:

  • Individuals
  • Housing
  • Tax
  • Small Business

We’ve partnered with the Triangle Apartment Association to bring you a webinar with Q&A in regards to phase three of the COVID-19 Federal Relief Package. Click the link below to view on our Youtube Page 

https://youtu.be/OVczbe4Qmbw

For all three phases of the  federal COVID-19 relief package click the links below:

Phase one H.R 6047: https://www.congress.gov/116/bills/hr6074/BILLS-116hr6074enr.pdf

Phase two H.R 6201: https://www.congress.gov/116/bills/hr6201/BILLS-116hr6201enr.pdf

 Phase three H.R 748: https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf

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