Home Industry News NLBMDA, NAHB press for quick work on stimulus package

NLBMDA, NAHB press for quick work on stimulus package

0
NLBMDA, NAHB press for quick work on stimulus package
istock.com/Vectorios2016

Shortly after President Trump announced Tuesday that he was calling off coronavirus stimulus negotiations with Democrats until after the November election, the National Association of Home Builders issued a statement calling for talks to resume.

“The White House and congressional Republican and Democratic leaders need to put politics and posturing aside and think about the American people. It’s time for all sides to get back to the negotiating table and to quickly hammer out a coronavirus stimulus package that will provide economic relief to American home owners, renters and small businesses,” said the group’s Chairman Chuck Fowke.

Eventually, Trump tweeted that he was, in fact, in favor of a stimulus package and called on legislators to send him legislation with specific guidelines in the areas of direct payments to citizens.

The National Lumber and Building Material Dealers Association is asking members to get in touch with members of the Senate which is working to craft a Phase 4 COVID relief bill, which has already been passed by the House. The House version, NLBMDA says, includes NLBMDA-backed priorities such as expansion of the Low-Income Housing Tax Credit. NLBMDA is working to lobby the Senate on these priorities and urge members to use its grassroots action center to weigh in with their elected officials on LBM industry priorities.

NLBMDA recently sent a letter to the Senate detailing these, which include:

  • Scale-back expanded unemployment benefits and incentivize return to work;
  • A strong employer liability protection system;
  • Expansion of SBA loan funding, including the Paycheck Protection Program (PPP);
  • Expansion of the Low-Income Housing Tax Credit (LIHTC);
  • Increased access to PPE and testing, and more.