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The California Department of Social Services (CDSS) has issued a Provider Information Notice (PIN) waiving various notice requirements for Continuing Care Retirement Community (CCRC) providers seeking to apply for loans related to COVID-19 relief. The waiver includes the 60-day advance notice of proposed changes and the 10-day notice to resident associations. CCRC providers must still notify CDSS and resident associations in writing. When submitting a notice, providers should include a description of any impact on current loan covenants and an attestation that the loan will not be secured against property or future revenue. Providers can submit emergency loan applications concurrently with providing written notice to CDSS. If CDSS does not approve the loan, providers must withdraw the emergency loan application. CDSS will provide prompt turnaround for all requests under this waiver.
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