As Massachusetts braces for more COVID-19 cases, commercial developers are making properties available and architects are offering to identify suitable temporary hospital and testing sites.
Banks that became subject to CECL this year can delay implementing the standard for two years following an interim final rule issued by federal bank regulators on March 27.
Commercial landlords will get a tax break on building upgrades under the $2-trillion stimulus package awaiting final approval by the U.S. House of Representatives.
A prominent area bank is launching its own, $5 million small business fund to compliment state and federal efforts aimed at keeping these businesses from going under.
The state’s income tax deadline has been extended after days of speculation whether Massachusetts would follow the federal government’s lead.
Gov. Charlie Baker said in a Thursday afternoon press conference that local officials had to be satisfied they had the capacity to enforce safe work sites before they could lift construction freezes.
The federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.
The U.S. Small Business Administration launched the Express Bridge Loan (EBL) Pilot Program on March 25 to help existing small businesses obtain financing if they already have a relationship with an SBA approved lender.
A report says Boston’s lodging market has been among the nation’s hardest-hit by the coronavirus epidemic, and the effects could linger for years similar to the wake of the 9/11 terror attacks and 2008 financial crisis.
As the widening financial crisis is expected to affect a growing number of mortgage borrowers, the Massachusetts Division of Banks has notified lenders and mortgage servicers that they are should work with borrowers experiencing financial hardships due to the coronavirus.
Concerns are growing about what will happen to low-income renters and homeowners when the immediate coronavirus crisis is over.
More than 3 percent of Massachusetts’ pre-coronavirus workforce has filed for unemployment in the last two weeks according to new figures released by the U.S. Department of Labor Thursday morning.
Gov. Charlie Baker has issued a new directive that would allow shuttered construction sites across Boston, Cambridge and Walpole to start up again.
The coronavirus pandemic is starting to accomplish what a historic building boom could not: put a temporary halt to apartment rent increases in Greater Boston.
Last week was the first where the coronavirus suddenly became very real for much of America, and it shows in mortgage application data from the Mortgage Bankers Association.
The Federal Reserve said it will suspend some of its bank supervisory activities to give banks more leeway in dealing with financially strapped customers.
While much of the work done in Massachusetts has shifted to being performed remotely, if at all, during the coronavirus pandemic, many construction sites are still buzzing with activity and the Baker administration is planning to provide some guidance in the coming days to ensure that work is done safely.
With stock markets declining and businesses closing, banks and credit unions last week began announcing programs to help customers with financial difficulties resulting from the coronavirus outbreak.
A trade group representing the country’s multifamily landlords said yesterday all managers and owners of apartments should consider halting evictions of any tenant out of work or with reduced income thanks to the coronavirus pandemic.
