News Ticker

COVID-19 News Round-up for October 2nd

Credit: AZ Big Media

Budget, Policy & Stimulus News 

When to Apply for PPP Loan Forgiveness? 

The SBA’s formulas for loan forgiveness, and businesses’ individual forecasts, have created confusion as to when may be the best time to apply. A recent article provides an executive summary and process overview. (Source: AZ Big Media) 

House Considering Long Shot PPP Gridlock Bypass 

Some House lawmakers are signing on to a new — and long-shot — effort to bypass congressional leadership and vote on another round of Small Business Administration Paycheck Protection Program loans as Congress continues to deadlock on small-business stimulus measures. (Source: Phoenix Business Journal) 

Economic News 

Sustainability May be New Normal Post-COVID 

Today, as we watch the slow return to offices, shopping, entertainment and other indoor spaces, there’s a greater reliance on the building environment to ensure  to the extent possible  our health and safety. These and other sustainability considerations may be part of ‘The New Normal’ post-COVID. (Source: National Real Estate Investor) 

COVID Brings Out New Private Investors 

While many investors have halted their CRE acquisitions during the pandemic, one group has been particularly active throughout the year. Private investors, including those entering the market for the first time, have ramped up their acquisitions. These people are attracted to the lack of competition and record low-interest rates in the market today. (Source: GlobeSt.com) 

Institutional Investors Betting on Manufactured Homes 

There has been stable occupancy and rental collections in 2020 despite the pandemic. As a result, some investors are now betting big on manufactured housing communities. In Q2, investment sales of manufactured housing communities totaled $821M, a 12 percent increase compared to Q4, 2019 and a 23 percent increase over the Q1, 2020. (Source: National Real Estate Investor) 

Resources 

NCCER, The Coordinating Committee for Automotive Repair and Electude have collaborated to create COVID-19 best practice resources and online training to serve career and technical education students and instructors throughout the pandemic. (Source: NCCER) 

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