CORONAVIRUS RELIEF 

ADVOCACY

 EFFORTS

The extraordinary challenges presented by the COVID-19 pandemic call for extraordinary efforts. That’s why CCIM Institute and the Institute for Real Estate Management have been working together and collaborating with other real estate industry partners to advocate on behalf of the industry and provide invaluable resources to help commercial real estate practitioners successfully navigate this volatile market. Key issues include: 1031 like-kind exchanges, Main Street Business Relief, loan modifications, and more.

Here’s what we’ve achieved so far this year:

MEMBER ADVOCACY

Calls to action allow individuals to directly contact their federal and state representatives via email on important legislative issues.

CCIM Institute and IREM issued our first call to action in anticipation of the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was enacted on March 27.

A second call to action urged Congress to replenish the SBA 7(a) Paycheck Protection Program (PPP) and the SBA Economic Injury Disaster Loan program, along with additional requests for the next comprehensive coronavirus relief legislative package.

Thank you to the thousands of industry professionals who rallied and sent

more than 7,000 messages to their legislators to let their voices be heard.

CALL TO ACTION REQUESTS

REQUEST
CONGRESSIONAL ACTION
READILY ACCESSIBLE CREDIT
TARGETED TAX CODE RELIEF
FINANCIAL MITIGATION
ADDITIONAL FUNDING FOR THE PAYCHECK PROTECTION PROGRAM

WHAT WE’RE WORKING 

ON NEXT

Emergency rental assistance and additional forbearance measures

A small business recovery fund grant program

Pandemic risk insurance or business interruption coverage relief 

Broader forgiveness provisions and extension of the PPP program

Support for the commercial mortgage-backed securities market 

Creation of a healthy workplace tax credit for businesses that incur unexpected costs as they reopen

GRASSROOTS SUPPORT

WANT TO MEET WITH YOUR REPRESENTATIVE?

To educate and empower individuals for their grassroots efforts, IREM and CCIM Institute collaborated on a webinar, Conducting Successful Meetings with Your Elected Official, which provides tips on setting up and conducting a meeting virtually and an overview on how to prepare for a successful meeting. Background and talking points on some of the legislative issues members may want to discuss with their representatives and senators are also included.

COALITION REQUESTS

REQUEST
ACTION
EXTENSION OF 1031 LIKE-KIND EXCHANGE DEADLINES

Coalitions are a powerful way to amplify the collective voice and message of an industry that is aligned in its public policy goals. Along with the National Association of REALTORS®, IREM and CCIM Institute are aligned with the following coalitions to bolster our shared legislative and regulatory efforts.

THE POWER OF 

INDUSTRY COALITIONS

EXTENSION OF OPPORTUNITY ZONE DEADLINES
MAIN STREET BUSINESS RELIEF
FLEXIBILITY ON LOAN MODIFICATIONS

WHAT WE’RE WORKING 

ON NEXT

Emergency rental assistance and additional forbearance measures
More >>

Pandemic business liability relief
More >>

A small business recovery fund grant program
More >>

Targeted loan forbearance and credit relief for the commercial real estate industry
More >>

Relief for 501(c)(6) nonprofit organizations
More >>

CCIM Institute and IREM have both compiled comprehensive coronavirus resource and guidance pages that are continually updated to provide commercial real estate professionals with one-stop shops for CRE and property management-related coronavirus information and tools. 

CORONAVIRUS 

RELIEF RESOURCES

Highlights include:

Highlights include:

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