ALL NAHB Members Who Have Received a PPP Loan Can Have Their Loan Forgiven
It may sound too good to be true, but it isn’t: Thanks to NAHB’s recent legal victory, every NAHB member who has received a Paycheck Protection Program (PPP) loan can have their loan forgiven.
Although it is too late to take out a PPP loan, it is NOT too late to apply to have your loan forgiven if you have previously received a PPP loan.
The process to receive a refund on your PPP loan is outlined here on the Small Business Administration (SBA) website.
SBA has launched a streamlined application portal for borrowers with loans of $150,000 or less, and you can read more details in this NAHBNow post. Borrowers who need assistance or have questions should call 877-552-2692, Monday–Friday, 8 a.m.-8 p.m. ET.
Loans to HBAs can be forgiven as well, thanks to NAHB’s efforts in working with Congress to include 501(c)(6) organizations as being eligible to receive PPP funding. Just as with any other business that received PPP loans, these loans can be forgiven if used for payroll, rent/mortgage, utilities and other qualifying expenses.
Some key points to note on the PPP loan forgiveness:
- Yes, your loans can be forgiven in full if the funds were spent on qualifying expenses such as payroll, rent/mortgage and utilities.
- You either apply to SBA directly or work with your lender to obtain PPP loan forgiveness.
- If your loan is less than $150,000, generally speaking you go through the portal. If your loan is greater than $150,000, work with your lender directly.
If you have trouble with either process, let NAHB know by contacting Heather Voorman or Amy Chai.
This legal action on behalf of our members and the concrete results from the litigation victory is just another example of the benefits of NAHB membership.
Latest from NAHBNow
55+ Housing | Trends
Oct 13, 2026
Key Housing Trends Among the 55+ Population
Adults ages 55 and older make up a large and growing share of the U.S. population and play an important role in the U.S. housing market. Only 16% of NAHB Builder members, however, reported building age-restricted housing for people age 55 or older, according to 2025 Member Census. For builders and remodelers targeting this demographic, it is important to understand the trends within this part of the housing industry.
Safety
Oct 13, 2026
Be Aware of Hidden Jobsite Safety Issues During Cold Weather
With fall here, it is important to know the dangers of cold stress and the best ways to stay safe and warm on your jobsites. It is also important to know some hidden dangers in the cold weather.
Latest Economic News
Economics
Oct 13, 2026
Existing Home Sales Increased in September
Existing home sales rose after three months of declines as improved inventory gave buyers more negotiating power. As buyers wait for rate relief, homes are sitting on the market longer and for-sale inventory reached the highest level in over a decade.
Economics
Oct 13, 2026
Median Age in Construction Holds at 42
The median age of construction workers is 42, one year older than a typical worker in the national labor force, according to NAHB analysis of the latest 2024 American Community Survey (ACS) data.
Economics
Oct 09, 2026
Private Water and Sewer Systems in 2025 New Single-Family Homes
The share of new single-family homes built with individual wells and septic systems increased in 2025 compared to the previous year. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC), approximately 10% of single-family homes started in 2025 were served by individual (private) wells, and 17% relied on individual septic systems.