This is a follow up from our article on April 3rd about the Paycheck Protection Program (“PPP”). Read the article. Our observation then that it did not seem that the PPP was going to apply to coops, condos and HOAs, is turning out to be true. Some people in the industry still feel that the PPP should apply and are likely going to lobby for a change but for the time being it seems that community associations are excluded. Read the article…………………………
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