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. The GAC Committee with support from the SF Chapter Board of Directors are excited to announce a partnership with New Deal Advisors. In addition to our Chapter's ongoing relationship with CBPA, that tracks legislation at the State level, New Deal Advisors will be teaming with us to monitor and report on local Bay Area policies that affect commercial real estate.
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.