National Association of REALTORSÂ®Â (NAR) President Vince Malta issued the following statement after the U.S. House voted Thursday, April 23 to provide additional funding to small-business relief programs created by the CARES Act. NAR had made reviving the Paycheck Protection Program and the Economic Injury Disaster Loan program its top priority over recent weeks,Â calling on CongressÂ to replenish funds that had proven so valuable to Americaâ€™s 1.4 million REALTORSÂ®.
â€śSBA loan programs have been a lifeline for REALTORSÂ®Â fighting to serve clients and pay employees during this crisis,â€ť said Malta, broker at Malta & Co., Inc., in San Francisco, Calif. â€śWhile our 1.4 million members find innovative ways to get Americans into new homes without jeopardizing public safety, NAR is focused on ensuring REALTORSÂ®Â and the real estate industry are in the best possible position to lead in our nationâ€™s upcoming economic recovery. Weâ€™re grateful to Congress and the administration for moving to secure programs like the EIDL and PPP, which help keep small businesses, independent contractors and the self-employed afloat until that time.â€ť
For more information, please visit www.nar.realtor.