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Washington REALTORS® Coronavirus (Covid-19) Resource Center


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NAR Requests Commercial Real Estate Relief in Covid-19 Response

As the federal and state governments address the COVID-19 (coronavirus) crisis, NAR is advocating for the interests of commercial real estate in relief packages and stimulus plans.

As the federal and state governments address the COVID-19 (coronavirus) crisis, NAR is advocating for the interests of commercial real estate in relief packages and stimulus plans. NAR's commercial real estate membership includes specialists in multifamily properties, small businesses, retail/restaurants, warehouses, and offices, among others - all sectors being impacted by the crisis. As Congress and the Administration consider relief measures for the country, NAR has requested that...

  • Specific relief for small businesses throughout the country which have to temporarily close down and/or layoff employees as a result of the crisis, by supporting the "Keeping Workers Paid and Employed Act," cosponsored by Senators Rubio (R-FL) and Collins (R-ME)

  • 1031 Like-Kind Exchange deadlines be extended through the period of the crisis;

  • Including relief for multifamily property owners in any packages/relief measures that address tenant relief/eviction foreclosures; and

  • The Qualified Opportunity Fund working capital safe harbor be extended through the crisis.

 

READ MORE ON NAR'S SITE

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