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
Advocacy
Nov 04, 2026
Podcast: What the Blue Wave May Mean for Housing
On the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez are joined by Chief Advocacy Officer Ken Wingert to discuss the immediate aftermath of the midterm elections.
Membership
Nov 04, 2026
NAHB Leadership Academy Prepares Next Generation of Member Leaders
In just three years, the NAHB Leadership Academy has grown into one of NAHB’s most impactful leadership development programs. The academy is now preparing to welcome its fourth cohort in 2027. Applications will be accepted through Nov. 16, 2026.
Latest Economic News
Economics
Nov 04, 2026
Mortgage Applications Decline as Higher Rates Boost ARM Share
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.
Economics
Nov 04, 2026
Laundry Room Locations in New Homes and Apartments, 2025
In 2025, the majority of homes started featured laundry connections on the first floor (70%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 27%. The basement, garage, and other locations all had a 1% or lower share.
Economics
Nov 03, 2026
Mortgage Rates Climb in October Amid Accelerating Inflation
Mortgage rates rose sharply again in October as the U.S. treasury yields surged. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.33% in October, up 47 basis points (bps) from September. The rate reached 7.40% in early October, its highest level since 2023, before easing toward the end of the month.