The District of Columbia recently announced Housing Stabilization Grants with funds from the federal CARES Act to provide COVID-19 related relief to District housing providers. Eligible landlords may be entitled to 80% of...more
As we enter the fourth month of the COVID-19 pandemic, legislators and regulators are continuing to adapt by enacting rules for the “new normal.” Jurisdictions in the Washington, D.C., region are in various stages of...more
7/22/2020
/ Building Permits ,
Coronavirus/COVID-19 ,
Courthouses ,
Eviction ,
Judicial Proceedings ,
Landlords ,
Moratorium ,
Real Estate Development ,
Relief Measures ,
Rent ,
Virtual Meetings ,
Workplace Safety
The changing landscape of local COVID-19 legislation imposes additional requirements and restrictions on landlords of certain residential and commercial properties in the DC region....more
On April 24, 2020, the Montgomery County Council passed the COVID-19 Renter Relief Act (the Act), which prohibits landlords from increasing residential tenant rents above the County’s voluntary rent guidelines, currently 2.6...more
Commercial landlords and lenders and servicers for commercial real estate loans should be aware of recent legislation out of the District of Columbia that imposes obligations on servicers to develop and implement deferral...more
Earlier today, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). We wanted to alert you to a few provisions of this legislation that may have an immediate impact on multifamily property...more
3/27/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Fannie Mae ,
Financial Stimulus ,
Forbearance Agreements ,
Freddie Mac ,
HUD ,
Mortgages ,
Multi-Family Development ,
Paycheck Protection Program (PPP) ,
Property Owners ,
Relief Measures