CARES Act: An Emergency Assist From Congress for Some Landlords

Congress in March passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which extended unemployment benefits for laid-off workers and granted a ‘recovery rebate’ of $1,200 to qualified taxpayers. But there was A LOT more in that federal bag o’ treats, and many — but not all — multifamily housing owners in Beverly Hills may benefit. Let’s take a look at Washington’s largess and the multifamily housing industry’s opportunities for relief under the CARES Act of 2020.

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Republican Tax Cuts: Bad News for Tenants!

What do Republican tax cuts mean for those who rent housing? A recent opinion piece in the NY Post suggests some good news: ‘New tax law is a huge win for renters’ reads the headline. But don’t be fooled: the American Apartment Owners Association is calling it a “gift to landlords.” Headlines like ‘GOP Tax Bill Rewards Real Estate’ and ‘GOP Tax Plan Holds Benefits for Landlords’ suggest the real beneficiaries. Let’s have a look at this gift from Republicans to landlords called the Tax Cuts and Jobs Act.

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