Author: www.nar.realtor - Washington Report

Read NAR’s comments to the FHFA on potential changes to the construct of the GSEs’ housing goals.

The hearing examined the impact of COVID-19 and health and safety restrictions caused by it on small businesses.

The Treasury Department released updated FAQs for states and municipalities (“grantees”) reflecting the Biden Administration’s guidelines for structuring Emergency Rental Assistance (ERA) programs.

The Senate Committee on Small Business and Entrepreneurship advanced the nomination of Isabel Guzman to be Administrator of the Small Business Administration (SBA) by a bipartisan vote of 15-5, clearing the path for a confirmation vote on the Senate Floor.

NAR sent a follow-up letter to FHFA Director thanking him for hearing REALTORS’ concerns during a call on February 8 regarding changes to FHFA condo rules, forebearance, and the FHFA’s capital rule impact on GSEs.

The Biden Administration announced several changes to the SBA Paycheck Protection Program (PPP), in-line with its earlier commitment to ensure that the program reaches the smallest businesses and those in under-served communities.

NAR responded to the Federal Reserve Board of Governors’ (FRB) Advance Notice of Proposed Rulemaking (ANPR) to modernize the Community Reinvestment Act.

NAR participated in a housing provider coalition call with the White House to discuss the CDC eviction moratorium and rental assistance challenges.

NAR asked the House Small Business Committee for continued support for the SBA’s Paycheck Protection Program and to reconsider the Main Street Lending Facility, created by the CARES Act.

The Department of Labor will delay the effective date of the independent contractor rule to May 7, 2021, which is 60 days beyond its original effective date.