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 achieved in 2020:
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.
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.
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.
Emergency rental assistance and additional forbearance measures
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Pandemic business liability relief
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A small business recovery fund grant program
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Targeted loan forbearance and credit relief for the commercial real estate industry
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Relief for 501(c)(6) nonprofit organizations
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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.
Highlights include:
Highlights include:
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