Care Act funding for purchase of hotel

AK
Amanda Kellar
Thu, Jun 18, 2020 11:20 AM

Has anyone used Cares Act funding to purchase a hotel for homeless or low income residents (or for some other purpose)?  (I've seen a number of posts about leases of hotels, but we are particularly interested in whether anyone has purchased a hotel with these funds).  If so, can you let me know what steps you took in planning this purchase, which source of CARES funding were used and why, as well as any guidance you've received from the feds, and finally, any sample forms or legislation on this?  A member is inquiring and I'll pass along your responses.

Thanks,

Amanda

[photo]

Amanda Kellar
Deputy General Counsel / Director of Legal Advocacy
International Municipal Lawyers Association, Inc.

A 51 Monroe St., Suite 404, Rockville, MD, 20850
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Has anyone used Cares Act funding to purchase a hotel for homeless or low income residents (or for some other purpose)? (I've seen a number of posts about leases of hotels, but we are particularly interested in whether anyone has purchased a hotel with these funds). If so, can you let me know what steps you took in planning this purchase, which source of CARES funding were used and why, as well as any guidance you've received from the feds, and finally, any sample forms or legislation on this? A member is inquiring and I'll pass along your responses. Thanks, Amanda [photo] Amanda Kellar Deputy General Counsel / Director of Legal Advocacy International Municipal Lawyers Association, Inc. A 51 Monroe St., Suite 404, Rockville, MD, 20850 [cid:image003.jpg@01D64540.EF81E820]<http://www.facebook.com/IMLA-259977855541/> [cid:image004.jpg@01D64540.EF81E820] <http://www.linkedin.com/company/international-municipal-lawyers-association-inc./> [cid:image005.jpg@01D64540.EF81E820] <http://twitter.com/imlalegal> [cid:image006.jpg@01D64540.EF81E820] <http://soundcloud.com/internationalmunicipallawyersassociation> P (202) 466-5424 ext. 7116 W www.imla.org<http://www.imla.org/> Plan Ahead! IMLA's 85th Annual Conference<http://imla.org/events/conferences>, September 23-27 in La Quinta, CA! IMLA's 2021 Mid-Year Seminar<https://imla.org/events/seminars>, April 23-26, 2021 in Washington, DC!