Tag: legislative

House Passes Bill to Expand Loan Forgiveness Provisions of PPP Loans

Filed in Advocacy, Disaster Response by on May 29, 2020 0 Comments
House Passes Bill to Expand Loan Forgiveness Provisions of PPP Loans

By an overwhelming vote of 417-1, the House on May 28 approved legislation that would liberalize rules under the Paycheck Protection Program (PPP) to give business owners more time to have the loans forgiven by the U.S. government.

Continue Reading »

Oklahoma Governor Signs Housing Affordability Bill into Law

Oklahoma Governor Signs Housing Affordability Bill into Law

In a victory for home builders and housing affordability, Oklahoma Governor Kevin Stitt (R) has signed SB 1713 into law. The legislation will limit cities and counties from regulating purely aesthetic building design that would needlessly raise the cost of housing.

Continue Reading »

House Passes Relief Bill That Would Allow HBAs to Access Business Loans

Filed in Advocacy, Disaster Response by on May 13, 2020 0 Comments
House Passes Relief Bill That Would Allow HBAs to Access Business Loans

House Democrats have passed a $3 trillion relief package that would allow trade associations that serve the home building industry — including the hundreds of home builder associations throughout the nation — to access small business loans under the next round of funding for the Paycheck Protection Program (PPP).

Continue Reading »

Congress Approves $484 Billion Coronavirus Relief Package

Filed in Advocacy, Disaster Response by on April 21, 2020 5 Comments
Congress Approves $484 Billion Coronavirus Relief Package

Congress has passed a $484 billion relief measure to combat the economic fallout from the coronavirus pandemic. The legislation renews funding for two key small-business loan programs that ran out of money under the CARES Act by providing $320 billion for the Paycheck Protection Program (PPP) and $60 billion for the Economic Injury Disaster Relief (EIDL) program.

Continue Reading »

Virginia Home Builders Log Big Wins During 2020 Legislative Session

Filed in Land Development, Legal, Membership by on April 14, 2020 0 Comments
Virginia Home Builders Log Big Wins During 2020 Legislative Session

Of more than 3,600 pieces of legislation introduced during the 2020 Virginia General Assembly, the Home Builders Association of Virginia’s (HBAV) government affairs team found 270 that had a direct or indirect impact on residential land development and construction, and worked hard to defeat several bills and resolutions that could have harmed housing affordability and economic growth in the Commonwealth.

Continue Reading »

Congress Approves $2.2 Trillion Economic Stimulus Package

Filed in Advocacy, Disaster Response, Multifamily by on March 26, 2020 3 Comments
Congress Approves $2.2 Trillion Economic Stimulus Package

Congress has approved a $2.2 trillion economic stimulus package in response to the coronavirus pandemic that has wreaked havoc on the U.S. economy. The CARES Act includes several provisions to help small businesses and those engaged in the residential construction sector.

Continue Reading »

Congress Approves Coronavirus Response Act Requiring Employer-Paid Sick and Medical Leave

Filed in Advocacy, Labor by on March 16, 2020 8 Comments
Congress Approves Coronavirus Response Act Requiring Employer-Paid Sick and Medical Leave

On March 14, the House passed H.R. 6201, the Family First Coronavirus Response Act, which would guarantee free coronavirus testing, establish paid leave for all employees, enhance unemployment insurance, expand food security initiatives and increase federal Medicaid funding. The House updated the bill two days later. The Senate passed the House revision on March 18 and President Trump signed the measure into law.

Continue Reading »

Terrorism Risk Insurance Extended for 7 Years

Filed in Advocacy, Multifamily by on January 7, 2020 0 Comments
Terrorism Risk Insurance Extended for 7 Years

In a win for multifamily developers, Congress approved an NAHB-supported provision that reauthorizes the Terrorism Risk Insurance Act (TRIA) for seven years through Dec. 31, 2027 as part of fiscal 2020 appropriations legislation that was approved at the end of the year.

Continue Reading »

A Look Back at Significant Wins in 2019

A Look Back at Significant Wins in 2019

NAHB achieved a number of significant victories in 2019 on a broad range of issues, including housing affordability, taxes, regulations and more.

Continue Reading »

Congress Revives Expired Tax Extenders, Makes Other Key Tax Changes

Filed in Advocacy, Sustainability and Green Building by on December 17, 2019 4 Comments
Congress Revives Expired Tax Extenders, Makes Other Key Tax Changes

Congress approves a package of tax changes that include a number of provisions sought by NAHB, including a series of temporary tax provisions known as “tax extenders.”

Continue Reading »