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With the next coronavirus relief package in the works, NAHB wants Congress to focus on assisting homeowners, renters, residential construction businesses, developers, and multifamily owners. NAHB outlined six ways in which Congress can help these groups through a letter sent July 10. One of the points included expanding eligibility for the Paycheck Protection Program to include spec home builders, land developers, multifamily property owners, and 501(c)(6) organizations that include home builder associations. For families who experienced significant income loss, NAHB urges Congress to include emergency rental assistance, which will in turn help property owners who continue to pay mortgage and taxes. Read more to see the entire letter.
As Congress begins work on its next coronavirus relief package, NAHB is urging lawmakers to include several provisions in the legislation that will provide relief to American home owners and renters, along with small and medium-sized residential construction businesses and multifamily owners and developers.
NAHB recently sent a letter to House and Senate leaders urging lawmakers to:
Expand eligibility to the Paycheck Protection Program (PPP) so that spec home builders, land developers, multifamily property owners and 501(c)(6) organizations that include state and local home builders associations are eligible to participate in this loan program and to have their loans forgiven.
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