Provided by NAIOP SFBA Local Lobbyist: New Deal Advisers
There are a few current relief measures for both property owners and renters in the Bay Area. These pair with state and federal measures to reduce evictions and foreclosures on residential and commercial property. Here below is a current list of initiatives at the local, state and federal levels to alleviate economic strain for property owners and renters.
Yesterday the White House sent an e-mail with important information -- copied in part below, after this message. It contains links to various documents and the Treasury info site. The most important ones are the application form for businesses to apply for the SBA loan program, and info sheets for borrowers and lenders.
According to some reports, the SBA may have a site up this week and will be able to fund these loans, possibly as soon as Friday.
Governor Newsom has implemented Executive Order during our struggle with COVID-19 here in California. California Business Properties Association (CBPA) will have a voice at the table representing commercial retail real estate as the Newsom Administration finds a way forward.
The NAIOP SFBA Government Affairs Committee (GAC) has put together the following update for our members to stay informed about California state and San Francisco Bay Area local legislation which may impact the commercial real estate community.