NLBMDA Sends Phase 4 Priorities to Congress and White HouseMay 14th, 2020 by Emmariah Holcomb
The National Lumber and Building Material Dealers Association (NLBMDA) recently sent a list of priorities important to the lumber and building material (LBM) industry to the White House and Congress as they continue to negotiate a “Phase 4” relief package.
“As the Federal Government considers the next of phase of COVID-19 relief legislation, NLBMDA believes it is critical for Congress and the Administration to continue to provide robust support to small businesses harmed by the pandemic,” said Jonathan Paine, NLBMDA CEO and president. “NLBMDA’s recommendations for Phase 4 relief focus on short-term solutions to help lumber and building material dealers and residential construction as well as longer‐term solutions that will continue the recovery in the future.”
The letter details several priorities, which include:
- Strengthening the Payment Protection Program (PPP), including additional relief and guidance on liquidity concerns;
- Allowing dealers to receive the maximum $10,000 grant for Economic Injury Disaster Loans (EIDL);
- Ensure the “Main Street Lending Program” is accessible and effective for dealers;
- Strengthen the Low-Income Housing Tax Credit (LIHTC);
- Increasing dealer and construction access to PPE; and
- Making sure regulatory agencies provide assistance to businesses acting in good faith, rather than a sole focus on enforcement.
To view a copy of the letter, click here.