Good Afternoon and Good Friday to you all:
Local NCAOR News
C.A.R. Deputy Economist Jordan Levine will join our Town Hall Session this next Wed. April 15th for an intriguing Market Update and Forecast
Be Sure and Join Us!
You are invited to a NCAOR Member Town Hall Zoom meeting.
When: Apr 15, 2020 08:30 AM Pacific Time (US and Canada)
Register in advance for this meeting:
Great News From NAR Today
oseph M. Ventrone, VP, Federal Policy & Industry Relations reports that
NAR Lobbyists worked diligently on our behalf to get r
elief for both
1031 like-kind exchanges
opportunity zone investments
and are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19.
1031 Like-kind exchanges. If an investor has taken the first step of a like-kind exchange by selling the old property, and either the 45-day or the 180-day deadline falls between April 1 and July 15, the deadline has been extended to July 15.
Opportunity Zones. If an investor who sold a capital asset planned to roll over the gain into an Opportunity Fund and the 180-day deadline to do so falls between April 1 and July 15, 2020, he or she can make the investment as late as July 15.
If you haven't already, check out a playback of Wednesday's Leadership Live event with NAR President & S.F REALTOR Vince Malta on Facebook for important information on SBA loans, unemployment, and next steps in Congress.
C.A.R. News- C.A.R. offers a Relief Hotline to guide you on how to apply for the various new relief programs.
Text Support is : 24/7
Live Support: 8:30 a.m. - 4:45 p.m. Monday - Friday
C.A.R. Members Only
Phone – (213) 351-8450
Pandemic Unemployment Assistance (PUA):
The CARES Act includes a new Pandemic Unemployment Assistance (PUA) program expanding unemployment benefits eligibility to business owners, self-employed workers and independent contractors, including most REALTORS®. This means if you’re unable to work as a direct result of the pandemic and you aren’t eligible for ordinary unemployment insurance benefits, you may be entitled to PUA benefits.
Small Business Administration (SBA) Loans:
The federal government, through the SBA, is providing significant relief for small businesses suffering from the impact of the COVID-19 pandemic. Most agents are likely to be eligible for loans that are being made available through the SBA. The CARES Act makes the following options available to REALTORS®:
Paycheck Protection Program Loans (PPP)
Economic Injury Disaster Loans (EIDL)
SBA Express Bridge Loans (EBL)
These change daily, sometimes hourly.
C.A.R. is working to keep this information current, but
we encourage you to use these lists with caution and continue to check your local and county websites for any updated orders or guidance.
You can find
ore Information Here
Remember that the association is here to assist you. Kathy Hinman has shared her cell at (530) 559-0262 to provide one-on-one service including store supplies by phone order and scheduled pick up at the Association or Penn Valley Shopping Center.
We are all so blessed to have such beautiful weather. Enjoy your weekend.
Diane Spooner, 2020 President