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NAHMA Update: Treasury and SBA Assistance for Small Businesses Impacted By COVID19

Information on Assistance for Small Businesses, included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).


Please find the information below on Assistance for Small Businesses, included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This information is also located on NAHMA's Coronavirus Information and Resources website, under the Department of Treasury tab.


ASSISTANCE FOR AMERICAN WORKERS AND FAMILIES

In the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE.


ASSISTANCE FOR SMALL BUSINESSES

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

For a top-line overview of the program CLICK HERE
If you're a lender, more information can be found HERE
If you're a borrower, more information can be found HERE
The application for borrowers can be found HERE


PRESERVING JOBS FOR AMERICAN INDUSTRY

The CARES Act assists eligible businesses looking for payroll support to keep Americans working. For more information, CLICK HERE.


Larry Keys, Director of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.111 Email lkeys@nahma.org, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily
property managers and owners whose mission is to provide quality affordable housing.

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