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
Association emphasizes lower monthly expenses, more housing options and practical relief for Louisiana families.
Want Your Teen to Own a Home Someday? Start Talking Money Now Teens may not be thinking about mortgage rates or down payments just yet, but the money habits they’re building now can follow them for years. And 88% of teens surveyed by Fannie Mae and Junior Achievement said they want to own a home someday. This week’s Consumer Guide: Talk to Your Teens About Money and Homeownership makes those conversations a little easier, covering everything from credit scores and budgeting to debt, renting versus owning and saving for that eventual down payment. So yes, you may have to interrupt the doomscrolling. But helping teens get smarter about money today could put them in a much better position to get the keys to a home of their own down the road. Download all of NAR’s Consumer Guides in English or Spanish at facts.realtor. For ease of reference, below is a list of the most recent guides: NEW: Teen Financial Literacy Fraud Red Flags Helping Family Members Become Homeowners Prepare Your Home for Hurricane Season Condominium Insurance 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 home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. The next Consumer Guide, scheduled for publication on Oct. 21, will cover winter cold and storm preparedness.
Homeownership Is on Louisiana's November Ballot
