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
Affordability
Cost of Housing Index Shows Most Americans Are Burdened by Home Prices
For both new and existing homes, the average household would need to use more than 30% of its earnings to cover mortgage payments
Single-Family Homes
Single-Family Permits Increased by 26% During March
The total number of single-family permits reached 241,311 year-to-date, with the West seeing the greatest rise
Market Data + Trends
Survey Shows Confidence Drop in Multifamily Development in Q1 2024
Current sentiment has NAHB projecting that multifamily starts will decrease by 28% during 2024 as developer activity slows