The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter.
In addition to extending the Paycheck Protection Program deadline through May, the bill states that applications received by the deadline would get an additional 31 days to be processed.
NAR, as part of a coalition, sent a letter to the HUD Secretary seeking reforms to improve the approval process for FHA condominium loans.
Litigation and new federal and state legislation continue to threaten workers’ ability to be classified as independent contractors, including many real estate professionals.
The SBA announced updates to the Paycheck Protection Program (PPP) to reflect announced changes from the Biden Administration to loan calculations for borrowers who are independent contractors, sole proprietors, or self-employed (“Schedule C borrowers”).
NAR focused on concerns related to risk in the valuation space, the role of technology, and discrimination in appraisals and other valuation products.
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.
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