Rent Deferral (UPDATED 05.15.20)
Dear Airport Lessees,
Many of you have reached out to County Airports regarding the payment of rent during these unprecedented times. We understand that the economy has suffered from the impacts of the COVID-19 pandemic and many of your businesses have been adversely impacted. In response, the San Diego County Board of Supervisors at the May 5, 2020 hearing further extended a moratorium on evictions and approved rent deferral measures to all County properties. Rent deferral is available for rents accruing March 4, 2020 through September 30, 2020. Lessees will have until January 31, 2021 to pay any deferred rents. This means that all County Airport tenants can apply for rent deferrals in accordance with the terms of the attached (1) March 24, 2020 Resolution with special emphasis on Item 3, and (2) April 7, 2020 Minute Order for Item #4.
Requesting a deferral will not prevent you from also seeking rent abatement should that become available, but you should not fail to pay rent when due on the assumption rent will be abated. Failure to seek a timely deferral, may result in the County finding an Airport tenant to be late in the payment of rent so it is important that you immediately apply for a deferral if you need help. You may submit a request for a deferral and supporting paperwork to County Airports at 1960 Joe Crosson Drive, El Cajon, CA 92020-1236, ATTN: Anne Baldwin, Real Property.
Loan programs are available from County and the city of Carlsbad.
- County loan program: The County approved a $5 million loan program to help small businesses in the unincorporated areas that have suffered losses because of COVID-19. The program will be overseen by the San Diego Foundation. The loans are intended to allow these businesses to stay afloat and recover quickly once the state’s stay-at-home health order is lifted. Unincorporated area businesses that employ fewer than 50 people may qualify for the no- or low-interest loans. Applicants could request up to $50,000 and pay no more than 2% interest for a term of up to two years. Businesses that can retain and create jobs will have priority. Applications for the loans could begin as soon as next month.
- Carlsbad loan program: The Carlsbad City Council has approved a $5 million economic revitalization package to help businesses affected by COVID-19. The majority of the funding, $4.4 million, is for micro loans and small business recovery loans directly to Carlsbad small businesses. To qualify for the loans, businesses must hold a valid City of Carlsbad business license as of March 1, 2020 and be in good standing with the city. Applicants who have already applied for federal assistance may not use city loan money for costs covered by the federal assistance. Loans should be used for operational expenses such as rent, payroll, mortgage interest and utilities.
See links under Local Resources for Businesses below for more information.
In addition to the above, we are pursuing Coronavirus Aid, Relief and Economic Security Act (CARES) Act available through the FAA. You should also take the time to review the CARES Act as it relates to your business especially relating to potential for small business loans (see details below). Stay safe and please do not hesitate to reach out to me with any additional questions or concerns you may have by email or telephone using the contact information noted below. For more information on the County’s efforts to address COVID-19, please see our website at www.coronavirus-sd.com.
Project Manager, Real Estate
County of San Diego
Dept. of Public Works, Airports
1960 Joe Crosson Drive
El Cajon, CA 92020-1236
p. (619) 956-4819
Local Resources for Businesses
For unincorporated areas please see what the County is doing here
For incorporated areas, please visit the city website below
CARES Act Resources for Businesses
The U.S. Treasury summarizes the CARES economic assistance for small businesses on their website https://home.treasury.gov/cares. It is further summarized by the Small Business Administration at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp . Information from the US Treasury is provided below. NOTE Funds CAN be used for rent payments.
Assistance for Small Businesses
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.