Paycheck Protection Program and Health Care Enhancement Act
On April 23, 2020, the federal government passed
the Paycheck Protection Program and Health Care Enhancement Act, allocating a
combined $370 billion of additional funding for the Paycheck Protection Program
(PPP) and Economic Injury Disaster Loan (EIDL) programs to assist businesses
affected by the economic impacts of COVID-19. Learn
more here about the PPP and EIDL relief options and how they can support
your small business.
Houston BOMA has obtained a
legal opinion regarding the eligibility for the loans for owners utilizing
third party management companies. Read
the legal opinion here.
Coronavirus Aid, Relief, and Economic Security (CARES) Act
BOMA International sent a letter to congressional leadership as Congress considers additional COVID-19 relief legislation. Read the full letter here.
The letter, which was signed by BOMA President Henry Chamberlain and Chair Scott Jones, outlines recommendations to ensure the physical safety and economic security of the commercial buildings sector. It is not meant to encompass all of the issues the commercial real estate industry is facing right now, but serves as a good marker as BOMA continues to have conversations with congressional leaders.
- CARES Act and Emergency Loans for Small Businesses