Government Affairs

NAR Wins Major Provisions for REALTORS®

The U.S. Senate passed a $2 trillion COVID-19 economic relief package Wednesday night with overwhelming bipartisan support.

The bill now goes to the U.S. House, where it is expected to pass, and President Trump has said he will sign it into law.

The measure includes $350 billion for the Small Business Administration 7(a) loan program.  Under the terms, eligible businesses (500 employees or fewer) can get up to $10 million toward mortgage interest, rents, utilities, and payroll costs. A portion of these loans will be forgivable. Read more

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