Jeff Friedman, Denver Real Estate Attorney - CARES Act and Real Estate
March 27, 2020
The Real Deal
U.S. markets started Wednesday with a burst of optimism, as a $2 trillion stimulus deal had been reached between the White House and Congress. But as the day went on, the proposed legislation became mired in new disputes about unemployment benefits and assistance to corporations.
In any case, this historic legislation — the largest stimulus package in U.S. history — would have contained few clear wins for the real estate industry, or even for renters, who are set to receive $1,200 checks, sources said.