How Federal Pandemic Relief Affects Small Multifamily Renters
To combat the public health and economic fallouts from COVID-19, the federal government passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27. Provisions of the Act include support for healthcare, individuals, and businesses through direct payments, loans, and tax relief measures.
The Act's Economic Impact Payments, often referred to as stimulus checks, and enhanced unemployment benefits, have been critical to the stability of the apartment market and for income-constrained families in particular.
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