BOMA International Releases Guide to COVID-19 Tenant Relief Programs
With federal officials creating trillions in aid to support businesses recovering from COVID-19, BOMA International has developed an important guide for commercial real estate owners that outlines the loan and grant programs available to tenant businesses.
While many tenants in office buildings have continued to pay rent, some, including the hard-hit retail and restaurant sectors, have struggled. To this end, BOMA International's guide will assist both property owners and tenants in navigating these complex financial programs.
President Biden's $1.9 trillion American Rescue Plan intended to rejuvenate US business in the wake of closures due to the Coronavirus pandemic. The bill replenishes the Paycheck Protection Program (PPP), provides grant funding through the Economic Injury Disaster Loan (EIDL) program, and targets support for restaurant tenants, among other things.
And, to review other key provisions in the bill that affect commercial real estate and related
business, download BOMA International’s guide, What You Need to Know: The Biden
Administration’s National Strategy and American Rescue Plan.
With legislative action at every level of government, BOMA/GLA, BOMA California and BOMA International are working on all fronts to find creative solutions to challenges our members are facing in the aftermath of the COVID-19 emergency.
For additional details on the American Rescue Plan and other guides and links, we encourage you to visit the BOMA/GLA Economic Recovery Resource Center.