Home Builders Association of Virginia
Representing Virginia's Residential Construction and Land Development Industry
A message from your HBAV President Dan Sandoval:

With the spread of the corona virus hitting all industries, the Home Builders Association of Virginia along with NAHB and our local associations are working to limit its effects on the housing industry. As outlined in previous messages, HBAV is working diligently to identify ways that our industry may be affected and communicating the importance that home building industry has to the citizens of Virginia and the Virginia Economy.

None the less, HBAV members need to be prepared for the possibility of disruption and delays to normal business. Depending on the local government and the builder’s vendor partners, delay may come in the form of permit issuance, inspections, closings, access to materials, etc. They may also come in the form of project delays by local boards and councils. HBAV urges members to check with their vendor partners and watch their cash reserves during these turbulent times.

HBAV members companies are not immune from this virus. We encourage all businesses in Virginia to do their part to implement the guidelines issued by the CDC. You can also help by giving blood to help address the severe blood shortage facing the American Red Cross.

Many of you have already contacted HBAV on the challenges you're facing related to COVID-19. Please continue to contact HBAV as we work through these turbulent times. If we all work together to mitigate the impact and spread of coronavirus, I am confident that housing will be set for a rebound given low mortgage rates and pent up demand.

HBAV will continue to work for our members and re-evaluate resources that HBAV may be able to provide as we work through the outbreak. We will get through this together!
Dan Sandoval
HBAV President

Republic Home Builders
Local Building Departments Update

The Department of Housing and Community Development (DHCD) has pulled together a “snapshot in time” spreadsheet of the current status of local building departments as well as information about approved third party inspectors for that locality. The Virginia Building Code Officials Association has posted it on the website and will be updated as often as possible.  That page can be found here.

DHCD has also posted a page on their website to provide updates, resources, and guidance to local building departments and contractors. HBAV encourages members to continue to reach out to their local governments for the most up to date information.
Coronavirus (COVID-19) in the Workplace

It is crucial to have a plan in place that keeps our members employees safe and minimizes business disruption as the Coronavirus continues to spread.. HBAV Insurance Agency’s team at One Digital has committed resources to provide HBAV members with strategic, proactive and forward-thinking leadership during this time.

The Coronavirus Advisory Hub offers the latest insights on navigating business operations and workforce planning during this uncertain times. 
 
HBAV issued a 10-point plan for a Safer Job Site during the COVID-19 Outbreak .  Please utilize this and post on all job sites.

Congress has passed an emergency response coronavirus bill that includes tax credits to help businesses and self-employed individuals to cover some of the costs of mandatory sick leave included in the legislation. More details on the bill can be found here.

Earlier this week, NAHB participated in a conference call with White House officials to discuss strategies to provide needed aid and stimulus to the housing sector in the wake of the coronavirus threat that is wreaking short-term havoc on the national economy. As a result, HUD is suspending foreclosures and evictions   for mortgages insured by the Federal Housing Administration through the end of April.
IRS Extends Tax Payment Deadline to July 15, Tax Returns Still Due April 15

The Internal Revenue Service issued  Notice 2020-17, extending the April 15 tax payment deadline to July 15, up to specific thresholds. Tax returns are still due April 15. Corporate taxpayers can postpone up to $10 million in federal income tax payments while individual taxpayers can postpone up to $1 million. Contact your C.P.A. for more details.