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The new federal stimulus CARES Act that was signed into law on March 27, 2020 contains numerous programs targeted at helping individuals, families, businesses, not-for-profits and states and municipalities affected by the COVID-19 pandemic.
Many excellent summaries of the CARES Act are already available from law and accounting firms. Rather than prepare a comprehensive summary of the CARES Act (very little of which pertains directly to real estate), we have prepared this short summary of those provisions which we believe will be of the greatest interest to our clients.