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Cameron Hess

Service Provides COVID-19 Relief to Section 1031 Tax Deferred Exchanges (Notice 2020-23)

April 16, 2020

Summary Section 1031 exchange agreements with intermediaries affected by COVID-19 may wish to insert the following language: Limited Force Majeure Extension. If, due to a disaster or other unforeseeable circumstances (including COVID-19), the exchanger cannot perform, then the time for the performance of any action required by exchanger for either an identification or completion of […]

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Federally- Backed Multifamily (Affordable Housing) Loans COVID-19 Loan Deferral Program

April 15, 2020

The CARES Act has a major impact on federally-backed funded multi-family communities, and in some instances, may not only delay evictions for 120 days, but in some circumstances may further prevent eviction of non-paying tenants for nearly 1½ years. CARES Act Federal Loan – Tenant Eviction Protection While meaning to do good, the CARES Act […]

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Economic Injury Disaster Loan Assistance

April 15, 2020

Under the CARES Act, the Small Business Administration (SBA) will offer advances and low-interest economic injury disaster loans (EIDL) to small businesses adversely affected by the Coronavirus (COVID-19). Presently, the SBA is taking pre-applications, wherein there are essentially two parts:  (i) a request for an advance that is not repayable; and (ii) a request for […]

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Tenant Assistance Resources Stay-At-Home Order and COVID-19 (Los Angeles County Residents)

April 15, 2020

Dear Tenant: California’s and Los Angeles County’s Stay-At-Home orders affect all residents.  Here are a few of the many public resources that may help you: Employer Paid Sick Leave Under federal emergency legislation, if you cannot go to work or telecommute, your employer may be required to pay you for up to two (2) weeks […]

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Sample COVID-19 Emergency Telework Policy and Acknowledgement

April 6, 2020

COVID-19 EMERGENCY TELEWORK POLICY AND ACKNOWLEDGEMENT I. Purpose. On March 19, 2020, Gavin Newsom issued Executive Order N-33-20 proclaiming a State of Emergency under California law as a result of the threat of COVID-19 (the “Executive Order” or “Stay-at-Home Order”). The Stay-at-Home Order requires compliance with the directive of the State Public Health Officer as […]

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Employee Claim Procedures Under the Families First Coronavirus Response Act

April 6, 2020

Under recent legislation, employers are now federally required to provide paid leave, beginning April 1, 2020, for certain employees unable to work due to the COVID-19 pandemic. The Department of Labor (DOL) recently issued temporary regulations, scheduled for publication April 6, 2020, covering paid leave under the Families First Coronavirus Response Act (FFCRA).  In this […]

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