Direct Payments & Unemployment Extension in Approved Relief Bill

This past weekend President Trump signed the $900 billion stimulus bill into law that will provide direct payments to Americans, additional unemployment benefits, and funding for housing providers and small businesses, including REALTORS®. Among provisions advocated by C.A.R., the bill allows individuals to receive unemployment benefits for up to 50 weeks, through March 13, 2021 in California.

It also provides an additional $300 per week in federal employment benefits for individuals receiving Pandemic Unemployment Assistance (PUA) and traditional unemployment for 11 weeks. In addition, the bill further expands the Paycheck Protection Program (PPP) by allowing certain eligible businesses to receive a second PPP loan of up to $2 million.  Read more.