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As CDC, White House Unveil Eviction Moratorium Executive Order, NAR Urges Immediate Congressional Action on Rental Assistance
WASHINGTON (September 1, 2020) – National Association of Realtors® President Vince Malta, along with CCIM and the Institute of Real Estate Management, released the following statement Tuesday evening in response to a new CDC and White House executive order halting virtually all evictions nationwide through the end of the year.
"While NAR appreciates and is supportive of administration efforts to ensure struggling Americans can remain in their homes, this order as-written will bring chaos to our nation's critical rental housing sector and put countless property owners out of business," said Malta, broker at Malta & Co., Inc., in San Francisco, CA.
"Any eviction moratorium must also come with rental assistance for property owners, the vast majority of which are mom-and-pop investors and are still required to meet their financial obligations even as they cease to receive income on their properties.
"An untailored eviction moratorium will bring more havoc to our economy, not less, and will put America's 43 million renter households at significant risk. NAR strongly encourages Congress to pass immediate legislation that would instead provide emergency rental assistance programs directly to housing providers, protecting Americans' access to affordable housing and our nation's critical rental housing sector."
The National Association of Realtors® is America's largest trade association, representing 1.4 million members involved in all aspects of the residential and commercial real estate industries.
To help build momentum for restarting our local economy, the East Mississippi Business Development Corporation, the City of Meridian and Lauderdale County are announcing a Restart, Restore, Recover campaign.
Goal for this campaign is to help build momentum and confidence as we reopen and support local businesses in Meridian and Lauderdale County.
“We want to responsibly restart our local economy, help restore jobs and services, and recover our quality of life,” said EMBDC President and CEO Bill Hannah.
Promotion of this campaign includes a newly created logo for Restart, Restore, Recover. We’re encouraging businesses, individuals, governmental agencies and other interested parties to use the logo on their websites, mailings, ads, invoices and promotional materials, etc. Displaying this logo is one way for everyone to show support for restarting our local economy.
Support Meridian and Lauderdale County businesses as we Restart, Restore, Recover. It’s easy! Just click on the link and download the Restart, Restore, Recover logo. Put it on your website, your mailings, your ads, your invoices, your promotional materials, your forehead – wherever you can to boost our local economy and community.
Congress Clears Latest Coronavirus Relief Bill to Replenish Funding
The U.S. House passed legislation Thursday, April 23, providing a fresh round of funding for coronavirus small-business relief programs championed by the National Association of REALTORS® and available to REALTORS® through the CARES Act. The Senate passed the bill on Tuesday, April 21.
President Trump is expected to sign the measure, which will clear the way for lending to resume as early as Friday, April 24 under two Small Business Administration programs, the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) Program.
Under the agreement, the PPP will receive $310 billion in new cash, while the EIDL fund will receive an additional $60 billion. The bill sets aside $60 billion of the PPP funding for small and medium-sized community banks, which will provide extra help for self-employed individuals and small businesses that don’t have relationships with larger banks.
NAR’s Federal Advocacy team has been working closely with Congress and the Administration to ensure the interests of REALTORS® and their clients are protected in any federal action in response to COVID-19. Many REALTORS® are small businesses, or work with them as clients. In the most recent relief package passed into law, the "Coronavirus Aid, Relief, and Economic Security Act" or CARES Act, there were significant provisions aimed at assisting small businesses during this difficult time. The CARES Act appropriates more than $360 billion total for new Small Business Administration (SBA) programs - the 7(a) Paycheck Protection Program loans and the Economic Injury Disaster Loans (EIDL) advance grants program.
Provided below are a number of Q&As to address frequent questions about who is eligible and how to apply for these brand new programs created by the Administration. We continue to learn more about these relief measures daily and will update this document as events warrant.
During this unprecedented time, the National Association of REALTORS® understands that access to health care options may be top of mind for members. Telemedicine is playing an essential role today as we navigate uncharted territory and the need for virtual healthcare.
NAR is supporting members by funding 2 months of Members TeleHealth as a benefit for those who do not currently have access to telemedicine, with an ongoing significantly-reduced rate available for members thereafter.
Congress Clears Coronavirus Rescue Bill Filled with REALTOR® Benefits
The U.S. House of Representatives passed a historic $2.2 trillion COVID-19 rescue package Friday, sending it to President Trump for his signature.
The bill contains numerous benefits for REALTORS® that NAR fought hard for during the past three weeks, including unemployment eligibility for the self-employed and independent contractors; unprecedented aid for small businesses; and a delay in business payroll tax payments.
“This bill will go a long way to help people through these next weeks until the economy can open up again,” said Shannon McGahn, senior vice president of government affairs for NAR. “This is the third and largest rescue package to-date, and we are already working with Congressional leaders on round four.”
“The real estate industry supports nearly 10 million jobs in the United States and makes up 17% of our economy,” McGahn continued. “Congress understands that a strong housing market will lead the economic recovery.”
COVID-19 RESOURCES AND GUIDANCE UPDATE MARCH 26, 2020
Mississippi REALTORS®, MAR Staff and General Counsel Ron Farris, have been working diligently through the Standard Forms Advisory Committee to draft and post forms designed to cover commonly occurring or anticipated scenarios caused by the current Novel Coronavirus (COVID-19) pandemic. Four new forms have been created and will be posted for member access on the MAR Web site and on zipForms and dotloop. The Addendum to the F1 Contract is currently accessible, and it is expected the other three forms will follow within 24 to 48 hours.
COVID-19 Addendum to the F1 Contract for the Sale and Purchase of Real Estate (F1)
COVID-19 Addendum to the Mississippi REALTORS® Residential Lease Agreement (F3)
COVID-19 Addendum to the Mississippi REALTORS® Listing Agreement (F4)
COVID-19 Disclosure and Waiver Regarding Physical Property Showing or Inspection