Dean Mon, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Shrewsbury, N.J., issued the following statement regarding the Senate passage of the nearly $2 trillion stimulus package to combat the coronavirus pandemic:
“The Senate has taken an important step forward to help American families and businesses that have suffered economic hardship stemming from the coronavirus outbreak. This bold, bipartisan economic stimulus package contains key provisions to help small businesses, including many home building firms, to keep their doors open and meet their payroll requirements. It also provides needed cash infusions to families to help them pay their mortgage or rent during this unprecedented hit to our economy. The House needs to act promptly to pass this bill and get it to the president’s desk for his signature.
“Given the magnitude of this crisis and its ongoing detrimental effects on the housing sector, further action may be necessary. NAHB will continue to work with Congress to ensure any future stimulus package addresses the need of small businesses and the housing community.”