So, here I sit at my Essential Occupation, and we’ve got a 2nd Amended Emergency Regulations… um… thingy dated 3/24/2020, and marked Received 3/24/2020 by the City Secretary of Dallas, Texas.
The 2nd Whereas states that the state of local disaster is extended to 4/29/2020.
I figure that’s the part that’s relevant to most of us. It’s got the bit that these regulations might be rescinded, superseded, or amended. Lots of yada.
On Thursday, Carrollton extended its declaration for a public health emergency, prohibiting restaurant dining, while allowing take out, and limiting the number of people at social gatherings to 10 or less through May 12 at 11:59 p.m.
Does that mean the Carrollton order is in effect for the space and not the Dallas order… right?
Oh and the Dallas County order. But May 12th is a month and a half.
Is this enough to finally address an adjustment to policy on lapsed dues for membership who have had their employment temporarily affected by COVID-19? Especially now that we can all admit this is not a two week blip?
In all seriousness, I keep getting assurances we will then crickets when I ask where. The lack of response other than a small chorus of “pay your dues or we don’t need ya” is not a cute look.
Well, they cannot stop people from leaving nor is it really an option to pause the income for people staying. Rent is still due.
What are the alternatives?
‘Dallas County, the Texas Supreme Court and Tarrant County have temporarily suspended eviction court hearings with minimal exceptions. The Texas Supreme Court’s suspension runs through April 19, Dallas County’s lasts until May 18 and Tarrant County’s is in place indefinitely.”
I think mid May is optimistic. I sure hope so, but I am not counting on it in the absence of an effective treatment. You couldn’t vaccinate enough people in six weeks even if a vaccine was developed last week. Plus, immunity doesn’t occur on the day one is vaccinated. I don’t like doom and gloom, but we here in north Texas ( and the country) have not seen the worst of it yet. Geez, I will be very happy to be wrong on this, feel free to remind me if I am.
Utilities as well. In short all of the fixed overhead could be suspended along with memberships if it came to that. I can also see our members who have not had their income affected, but who believe in the mission being willing to donate if it really came to a point where some empathy would mean the death of DMS.
@Draco the alternative is show we give a damn what hardships some members may be experiencing by extending the grace period for grandfathered members who need to lapse or reinstating starving hacker rates temporarily for people who can show income loss due to the shutdowns. You can’t stop people from leaving but you can certainly entice them to stay with the whole community schtick that keeps us from being another failed tech shop
@collinrh mortgage lenders have been instructed by Freddie and Fannie to offer loan modifications. This means there will not be a giant bill at the end of the restrictions. Missed mortgage payments are being tacked on to the end of the loans. Most property management firms are choosing to prorate or excuse.
What type of disaster relief can/should/is available to us? Here are a few things I found but I don’t know if they directly correlate. Best be assured funding will run dry and applications need to be created quickly.
I realize no-one can go represent DMS but a team of people should organize to start researching/applying. Also, reach out to membership/nation of makers/city council for assistance and financial support.
Negative. Mortgage interest will not be added on for the time period of the reccomended modification. Currently the industry standard for COVID-19 repsonse is 90 days. Literally nothing about the state of your loan is altered other than you’ll pay it off 3 months later than your amortization schedule you already had.
Idk about other lenders but for WF it did require we submit paperwork showing the loss of income was directly related to the virus
By the use of the word “residents” they may only mean apartments and rental houses.
There are going to be many restaurants and other businesses which are also unable to pay their rent, but many people are not sympathetic. “They should have planned better” has been commonly heard.
That’s such a load of crap when you have a segment of the population living from paycheck to paycheck. There’s a trap to being poor and it’s very hard to escape.
If I’m not mistaken even those would take a court order. The courts will likely side on the tenant, at least for the first few months after things trickle back open.
I could however be completely wrong as I did not stay at a Holiday Inn last night.
It’s frustrating seeing bailout money going to airlines that spent profit $ after profit $ buying stock back instead of saving money. Let them re-issue stock to raise capital instead.
To clarify what I said, people are saying that the potentially failed businesses should have planned better, not individuals.
No way many individuals can even hope to have any kind of an emergency fund.
[/quote]
While one can never really correct “people”, some small businesses aren’t much better than individuals. Emergency planning of this sort can kill a small business that is scraping by. Big corporations certainly should have some deep funds, but if that is invested in other companies, it might not be liquid. Although, I’d bet for most of those, quite a few people could live off the CEO’s salary…