Name: Ritzy Fisher Island homeowner’s association gets $2M coronavirus loan
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Ritzy Fisher Island homeowner’s association gets $2M coronavirus loan

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Florida’s bougie Fisher Island community — a haven for the ultra-wealthy — was approved for a $2 million federal loan through the Paycheck Protection Program which is meant to help small businesses during the coronavirus crisis, a report said Thursday.The Fisher Island Community Association said in a Wednesday email that it was polling its residents on whether to accept the loan, which the board of directors had applied for April 4 and was approved for Monday, .“It is very important to the board of directors to take into consideration the views of our members. It is also important to the board that the right decision is made for the island,” the email said, according to the outlet.Membership for the Fisher Island Community Association, the Master Homeowners’ Association of Fisher Island,&nbsp;includes those who purchase property on the island, which costs a lofty $250,000 to join.The loan approval comes as other seemingly well-funded ventures have also come under scrutiny for taking loans under the program.Ruth’s Chris Steak House — which operates more than 100 restaurants in North America — in returning , it was revealed earlier Thursday.Harvard University, which has an endowment of $40.9 billion, , the CARES Act Higher Education Emergency Relief Fund.Senate Majority Leader that large employers taking from the special coronavirus funds create “an interesting debate.”“You could make an argument that if my job was lost, the size of my employer doesn’t make any difference to me. I’m out of work. So it’s an interesting debate,” he said.

Florida’s bougie Fisher Island community — a haven for the ultra-wealthy — was approved for a $2 million federal loan through the Paycheck Protection Program which is meant to help small businesses during the coronavirus crisis, a report said Thursday.The Fisher Island Community Association said in a Wednesday email that it was polling its residents on whether to accept the loan, which the board of directors had applied for April 4 and was approved for Monday, .“It is very important to the board of directors to take into consideration the views of our members. It is also important to the...

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Ritzy Fisher Island homeowner’s association gets $2M coronavirus loan

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