As the House and Senate contemplate extensions and changes to the Payroll Protection Program (PPP), MHI, along with a coalition of business organizations, is urging Congress to ensure that the liquidity provided through the PPP can be deployed in a manner that will allow small businesses to remain operational. The coalition has asked Congress to change program guidelines to help small business owners who need capital for overdue rent payments, the re-start of vendor contracts, and other necessary expenses. In addition, the coalition is requesting an extension of deadlines to permit a more orderly return to work consistent with the phased reopening.
In addition to these changes, MHI continues to advocate for the elimination of the provision that prohibits 501(c)(6) non-profit organizations from accessing PPP funds. Further, MHI is asking the SBA to clarify PPP guidelines regarding the eligibility of manufactured housing communities to receive funds. Current regulations and guidance issued by the SBA could be misinterpreted by administering lenders to specifically exclude manufactured housing communities from the PPP. Since the PPP was first established, MHI has advocated through letters and calls to the U.S. Treasury and the SBA to clarify the eligibility of manufactured housing community owners and operators for this program.
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