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CONGRESS EXTENDS PAYCHECK PROTECTION PROGRAM   Both houses of Congress have approved a bill making several material modifications to the popular Paycheck Protection Program (“PPP”). The President is expected to sign the bill into law very shortly. The 8-week “covered period” during which PPP funds can be spent can now be extended, at the borrower’s…

PANDEMIC CHALLENGES FOR NONPROFITS Observers are predicting a challenging road ahead for many charitable nonprofits, especially those that rely on funding from state and local governments. Tax revenues are down and deficits are ballooning. It is widely expected that sooner or later, government funding of charitable nonprofits will be reduced or even eliminated. Private philanthropies…

ORANGE COUNTY FUNDING CORPORATION LAUNCHES SMALL BUSINESS RESILIENCY LOAN The Orange County Funding Corporation, an entity affiliated with the Orange County Industrial Development Agency, has launched the Small Business Resiliency Loan program aimed at assisting small businesses located in Orange County, New York. Further information can be found here. A fund of $500,000 has been…

Important Notice: Changes to Statewide Housing Security and Tenant Protection Act of 2019 We want to be sure that you are aware of newly enacted state legislation which significantly impacts landlord-tenant matters. New York enacted the Housing Stability and Tenant Protection Act of 2019 providing for sweeping changes to rent and landlord/tenant laws with the…

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