The newly released and expanded Paycheck Protection Program opened to new and certain existing borrowers last week, and the National Association of Home Builders wants to help applicants navigate their eligibility. This new round of PPP loans includes an additional $284 billion in funding for small businesses and includes several enhancements, says NAHB. The association seeks to answer questions from members and HBAs through its frequently asked questions list and a series of webinars, which are now available on-demand.
An updated list of FAQs about the loan programs is also now available. The deadline to apply for the new loan program is March 31, but if you are interested in applying, it is important to work with an SBA-approved lender as soon as possible.
For more information, contact Heather Voorman or Alex Strong.
Advertisement
Related Stories
New-Home Sales
New-Home Sales Steady During February
A small increase in mortgage rates during February led to a flat reading for new-home sales
Market Data + Trends
Housing Market Index Shows Builder Sentiment Continues to Rise
In March, builder confidence in the market for newly built single-family homes hit its highest level since July 2023
Market Data + Trends
Looking Up: Single-Family Housing Production Numbers Show Improvement
The tide appears to be turning for single-family housing production in almost all metros, from large to small, based on Q4 2023 data