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Thursday, April 2, 2020

Three for Thursday 4/2/20 – Government Affairs Update

Author(s):Brent Swander

Video: Economic Leadership Forum

Columbus REALTORS® is producing a video series on how the COVID-19 crisis is impacting real estate in central Ohio. This first video is an interview with Kenny McDonald (CEO, One Columbus), Emmanuel Remy (Columbus City Councilman, REALTOR®), and Andy Mills (2020 President, Columbus REALTORS®) addressing commercial real estate, economic development in central Ohio and what the City of Columbus is doing. Next week’s video will  address the CARES Act and the third will focus on economic issues impacting residential real estate in central Ohio. Watch the video. Send any questions you’d like answered to economicleadershipforum@columbusrealtors.com.

 Possible property tax deadline extention

Franklin County officials have formally asked the state to allow delayed collection of mid-year property tax payments, citing the challenges of the ongoing coronavirus pandemic. County Treasurer Cheryl Brooks Sullivan and Auditor Michael Stinziano submitted the official paperwork Tuesday. Read more.

 This is not a time for business as usual

According to Ohio REALTORS® CEO Scott Williams, “Ohio REALTORS® must understand that the Governor can modify this Order at anytime. If our actions are inconsistent with the intent  of the Order, we put in jeopardy our ability to serve our Ohio real estate clients and customers.” Read more.

How do you get a stimulus check?

No action is required for qualifying tax payers to receive a economic impact check, however some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment. Read more.

Small business assistance

The Payment Protection Program (PPP) is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll, rent and certain other expenses. Available through June 30, 2020. Economic Injury Disaster Loans can be used to provide paid sick leave to employees unable to work due to COVID-19, maintaining payroll, meeting increased costs due to supply chain disruptions, rent or mortgage payments, and repaying debt. More info.


What Ohio's 'Stay at Home' Order means for real estate

Are REALTORS eligible for unemployment?

DeWine orders 90-day pause in foreclosures to help outlast coronavirus

NAR Coronavirus Advocacy FAQs

Coronavirus Aid, Relief, and Economic Security Act: Provisions for REALTORS® and Their Consumers

NAR’s Coronavirus FAQs

Fannie Mae, Freddie Mac tighten some standards, loosen others amid coronavirus crisis: GSEs make more changes as crisis worsens

  

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