Industry News

Safety Protocols
The Energy Division recently communicated this Safety moment to their employees.    

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SBA and Treasury Release PPP Loan Forgiveness Application

Article from NAHB

The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the CARES Act. SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

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"NY Forward Reopening" Plan Guidlines
The Governor’s Office has yesterday evening published detailed interim guidance for construction as part of phase one of the “NY Forward” Reopening Plan.  You can view the guidelines and related documents at this link, including the summary guidelines and detailed guidelines. Click here for a sign created by NYSBA that can be used on residential sites.
Businesses will be required to affirm with the State their adherence to the guidelines and requirements through completion of an online form.
The State has also provided a safety plan template. This plan does not need to be submitted to for approval but must be retained on the premises of the business and made available to the New York State Department of Health (DOH) or local health or safety authorities in the event of an inspection.

New COVID-19 Workers' Compensation Classification Code
The New York Compensation Insurance Rating Board (NYCIRB) has established a new Workers’ Compensation classification code in response to the COVID-19 pandemic.  The newly approved amendment established classification code 8873, “Telecommuter Reassigned Employees”, and requires that it be applied to the payroll of employees who, during New York’s stay-at-home order related to the COVID-19 pandemic, are reassigned to either (a) not perform any work duties (idle), or (b) perform clerical work duties at home. 

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Tell New York State Government to Restart Residential Construction NOW

Today would have been NYSBA's 2020 Lobby Day in Albany.  A day when hundreds of members would come from across New York State to fight on behalf of the residential construction industry on the issues that are essential to keep everyone in business.  Unfortunately with the current COVID-19 pandemic, we need to make our case a different way, and instead of issues like prevailing wage or scaffold law reform, we are fighting just to get back to work.

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NAHB Chairman Answers Coronavirus Questions

NAHB Chairman Dean Mon addresses the Federation in the May Chairman’s Update, answering the most frequently asked housing industry questions he has received since the beginning of the coronavirus outbreak. From what this pandemic could mean for the future of housing to how NAHB is helping members survive this economic downturn, tune into the Chairman’s Update to get the industry’s latest information.

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NAHB to Host Free Virtual Event ‘Remodelers REBOOT: From the Couch’

NAHB’s dynamic virtual event “Remodelers REBOOT: From the Couch,” hosted by industry veteran Vince Butler, CAPS, GMB, GMR, will take place on Wednesday, May 13, from 9:30 a.m.-5 p.m. ET. This virtual gathering is free for NAHB members.

The event will kick off with substantive conversations about the current uncertain business environment, followed by a series of speaker-led sessions.

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NAHB Expects 10% Unemployment Rate at Year-End

Incoming macroeconomic data detail the economic damage the shutdown of the U.S. economy is having on households and businesses. Moves to gradually open up parts of the economy are responsible for a recent lifting of economic spirits and gains for the stock market itself. While risks remain — particularly of a W-shaped recovery that features recurring regional outbreaks of the virus — once markets get past the April and May data an improved outlook should be on the horizon.

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NAHB - IRS: Expenses Paid with Forgiven PPP Loans are Not Tax Deductible

The Internal Revenue Service on April 30 issued guidance that states that employers who received loans through the Paycheck Protection Program (PPP) will not be eligible for tax deductions on expenses if payment of those expenses funded by the loan results in the loan being forgiven.

Specifically, IRS Notice 2020-32 provides guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan pursuant to the PPP.

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NAHB Sends White House Policy Proposals to Boost Housing and the Economy

NAHB recently sent the White House a list of policy recommendations designed to help the residential construction industry survive the COVID-19 economic disruption and be a force that leads the economy out of recession.

As part of the Great American Economic Revival Industry Groups, NAHB joins key industry leaders and groups brought together by President Trump to advise the White House on reopening the economy after the shutdown necessitated by the pandemic.

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HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

In an exclusive webinar for NAHB members, U.S. Housing and Urban Development Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery today outlined specific measures the agency has implemented to battle the COVID-19 pandemic and lauded the efforts of NAHB during this outbreak.

“I commend NAHB for your work in educating employees and subcontractors about jobsite practices to stop the spread of COVID-19 – while keeping our nation’s foundational industries moving,” said Carson.

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NAHB Updates Job Site Coronavirus Safety Guidance for Construction

published important updates to its guidance for construction employers, employees and contractors on coronavirus exposure prevention, preparedness and response. NAHB is a key member of CISC.

The Coronavirus Preparedness and Response Plan for Construction describes how to prevent worker exposure to coronavirus, protective measures to be taken on the job site, personal protective equipment and work practice controls to be used, cleaning and disinfecting procedures, and what to do if a worker becomes sick. The plan served as the basis for materials provided for the COVID-19 Job Site Safety Stand Down held April 16.

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NAHB - BUILD-PAC Launches ‘Minutes with a Member’ Town Hall Series

Ever wonder how Washington is protecting your business? Do you have a question you want to ask a member of Congress? BUILD-PAC, NAHB’s political action committee, is launching a new virtual town hall series to answer your questions and connect BUILD-PAC donors to Washington from home.

Minutes with a Member is a new weekly virtual town hall series that gives BUILD-PAC investors the opportunity to interact with members of Congress who are fighting for the housing industry every day. Each town hall will be 30 minutes.

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NYSBA Update April 24, 2020
Dear NYSBA Member,

We are now one month into Governor Cuomo’s shutdown of the residential construction industry and most other “non-essential businesses” in New York due to the COVID-19 pandemic. I wanted to give members an update on where we currently stand.

Governor Cuomo stated this week that New York will take a regional approach to opening up the economy. 

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HUD Secretary Carson to Conduct Webinar with NAHB Members

A message from NAHB Chairman Dean Mon to fellow members:

Ben CarsonI am excited to announce that Dr. Ben Carson, Secretary of Housing and Urban Development, will participate in a webinar with NAHB members on Tuesday, April 28, at 11 a.m. ET.

Federal Housing Commissioner Brian Montgomery will join Secretary Carson to address HUD and FHA initiatives in response to the economic crisis caused by the novel coronavirus.

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