Main Street Recovery Grant
Louisiana REALTORS • July 22, 2020
Informational Webinar with State Treasurer John Schroder on Eligibility
The Main Street Recovery Grant Program sets aside $300 million for small businesses. Businesses can apply for up to $15,000 to cover eligible expenses related to COVID-19. The State Treasurer's office has been charged with overseeing this program and are in the process of setting up an application system which is set to launch on July 28, 2020. Louisiana REALTORS® reached out to State Treasurer John Schroder and provided an informational webinar to go over what eligible expenses are included and to discuss specific issues that are relevant to the REALTORS® and brokerage owners.
| What's an Eligible Expense? | ||
|---|---|---|
| Costs related to meeting public health requirements tied to COVID-19 | Business interruption costs related to COVID-19 | |
| Creating social distancing | Unemployment insurance costs | |
| Cleaning and disinfecting | Providing paid sick leave | |
| Purchasing equipment to protect employees and/or customers | Inventory replacement | |
| Expenses to facilitate teleworking | Increased labor cost | |
| Necessary re-opening expenses | Mortgage interest | |
| Signage pertaining to reopening or restructuring | Rent | |
| Installation of drive-through windows | Payroll | |
| Utilities |
View the recording of the informational webinar
NAR is pleased to share the latest consumer guide focused on state and local tax (SALT) deductions . This guide explains federal tax law changes that temporarily quadruple the amount of state and local taxes (SALT) that taxpayers can deduct and will make homeownership more accessible and affordable, especially for people in higher-tax states. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: Assistance Programs Real Estate Auctions Working with a Real Estate Attorney Making Your Home More Energy Efficient Buying a Historic Property Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on August 6, which will cover packing tips and tricks.
The Louisiana REALTORS® Board of Directors will elect six (6) LR At-Large Directors at its October 8th meeting. Qualifications and an application for the position can be found below.
From flood zones to hurricane season, Louisiana clients have big questions. Learn how REALTORS® can confidently respond with local insights that build trust and close deals.
