Fisher Island’s homeowners’ association was approved to receive a $2 million loan through the federal government’s Paycheck Protection Program, and now the association is asking its residents whether it should accept the funds. The $349 billion PPP program was created by Congress to help small businesses, providing loans of up to $10 million to cover rent, mortgage interest, utilities and payroll. It’s unclear how the Fisher Island association would use the $2 million, if it
source https://therealdeal.com/2020/04/24/nations-richest-zip-code-received-a-2m-ppp-loan-now-its-hoa-is-deciding-whether-to-accept-it/
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