Many property managers and their coop, condo and HOA boards have been asking about the federal government’s Paycheck Protection Program (“PPP”) and whether those types of entities are eligible. The advice they have been given so far is to apply and see what happens. The PPP is a first come, first serve program and when the money runs out, it’s over. The PPP authorizes up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. Read the article………………………….
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Dear Tony: Thank you for your column last week regarding levy refunds. Our strata council…