Resources for Homeowners Amid the COVID-19 Pandemic
You are not alone. Condominium Associates is here to help you during the COVID-19 Pandemic.
Condominium Associates' dedication to its customers comes in many forms, especially during times of crisis. With the recent outbreak of COVID-19, we understand that everyone's lives are being affected. Therefore, we want to help our board members, homeowners, and contractors during this difficult time.
Below is a list of resources you can investigate and hopefully use during this trying time. At Condominium Associates, we believe it takes a community to make real changes in the world.
Click on each title link below to learn more.
Mortgage Help for Homeowners Impacted by the Coronavirus
The Federal Housing Finance Agency (FHRA) wants to support multifamily property owners during this national emergency. Therefore, the FHFA announced that Fannie Mae and Freddie Mac would offer multifamily property owners mortgage forbearance. The condition is that they suspend all evictions for renters unable to pay rent due to the impact of COVID-19.
Forbearance is available to all multifamily properties with a Fannie Mae and/or Freddie Mac-backed performing multifamily mortgage that has been negatively affected by the coronavirus national emergency.
Urge Federal Legislators to Assist Property Managers and Owners During the COVID-19 Crisis
IREM® (Institute of Real Estate Management) is asking that you reach out to your federal legislators during this critical time to request immediate assistance for the real estate management industry. Please join us in our efforts to seek relief during this crisis.
They encourage you to include your own story about how this pandemic has affected your business.
Your legislators in Washington, D.C. must hear from you, their constituent, as Congress will be acting soon on this overwhelming issue.
New blog: Curbing Residential Evictions Helps Curb Coronavirus
Ensuring residents will have a place to shelter takes on new meaning as restaurants, shops, and schools have shuttered. That's why state and local governments across the country, as well as property owners and managers, are taking steps to help ensure families don't lose their homes in the fallout of the COVID-19 pandemic.
The Pandemic Guide For Real Estate Managers
Being prepared is critical to preventing the spread of infectious diseases and minimizing impact should an outbreak occur. From our governments and health systems to the personal responsibility of each individual, we all must maintain a state of readiness and ability to act.
Property managers inherently have a high standard of responsibility. Still, especially in uncertain times, many people rely on us as leaders to keep them safe and protect their interests. From employees to owners, investors, residents, and tenants, there are several aspects of preparedness, business operations, and communication needed to address each one of these stakeholders when faced with the threat of a pandemic.
The single most crucial action to take is to plan now.
Please let us know how we can assist you during this national crisis. It takes a community to make a difference! Contact us now.
A huge thank you to IREM for the COVID-19 resources. Learn more here: https://www.irem.org/learning/coronavirus