Washington Report

Advocacy Updates from Washington D.C.

NAR sent a letter to the White House this week, urging further relief during the pandemic. The letter included a number of provisions to help REALTORS® and real estate remain a strong force in our economy. The proposals included:

  • Reforms to the PPP program (some of which were subsequently passed into law).
  • A reduction in the minimum loan amount for financial relief under the Federal Reserve Main Street Lending Program to allow more small businesses and non-profits to access yet another avenue of financial assistance that may better fit their business needs.
  • Support for liability protections for businesses that reopen following federal and state guidelines.
  • Housing relief for renters including emergency rental assistance, as well as relief for rental housing providers.
  • Expansion of forbearance and unemployment assistance.
  • Reforms to the opportunity zones program to encourage investment.
  • Elimination of the marriage penalty in the State and Local Tax (SALT) deduction.
  • Support for the remote notarization legislation.

NAR continues to work with the Administration and Congress on common sense solutions that provide relief during these unprecedented times.

NAR's Letter to the White House

NAR's Coronavirus Advocacy Efforts

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