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
Trends
Oct 07, 2026
Share of Homes With Two-Story Foyers Increases For First Time Since 2022
For the first time since 2022, the share of new homes with two-story foyers increased, according to the Census Bureau's Survey of Construction (SOC). Despite the increase, the market share of two-story foyers has generally trended downward since 2017, with most new single-family homes being built without a two-story foyer both nationally and regionally.
Economics
Oct 07, 2026
Mortgage Rates Continued to Rise in September
Mortgage rates rose sharply in September as multiple factors applied significant upward pressure on U.S. treasury bond yields, a key factor in mortgage rates.
Latest Economic News
Economics
Oct 07, 2026
ARM Share Increased as Mortgage Rates Spiked
Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month in September on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were lower by 35.4%.
Economics
Oct 06, 2026
Mortgage Rates Rise as Treasury Yields Top 5%
Mortgage rates rose sharply in September as multiple factors applied significant upward pressure on the U.S. treasury yields. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.86% in September, up nearly 20 basis points (bps) from August.
Economics
Oct 05, 2026
Two-Story Foyer Share Edges Up in 2025
In 2025, around a quarter of new homes were built with a two-story foyer, slightly up from 2024, according to data obtained from the Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB.