PGCAR COVID-19 Update
PGCAR Coronavirus Resource Guide
As you may be aware, the State of Maryland has taken unprecedented measures to minimize the spread of the coronavirus (COVID-19). In response to this evolving situation, both the State of Maryland and the Prince George's County Government are currently operating under a state of emergency.
In face of these daunting challenges attributed to the coronavirus, the Prince George's County Association of REALTORS® (PGCAR) has compiled a list of resources that may be beneficial to you or someone that you may know, given the rapidly accelerating developments of COVID-19 and its direct impact to business operations. As an association, we realize the stress, hardship and major interruptions that many of our members may experience and we encourage you to take advantage of any resources and / or critical assistance services that are available as needed.
- NAR has provided guidance to help REALTORS® respond to the coronavirus's potential impact on the real estate industry.
- The Federal Reserve has established a Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
- Under the program, the Federal Reserve will support up to $600 billion of loans to eligible small and medium-size businesses. Loan amounts range from $250,000 to a maximum $300 million.
- The loans will be made by federally insured banks and savings associations and credit unions and foreign banks operating in the U.S. To apply, interested businesses can review Federal Main Street Loan program terms, then contact a participating lender and ask for a Main Street Loan application.
- The loan application deadline has been extended until December 31, 2020.
- Loans are not forgivable. Interest payments are deferred one year; principal payments are deferred two years. Principal repayments are due in years 3 through 5: 15% in year 3, 15% in year 4, and 70% in year 5. Early payments can be made without penalty.
- Congress has passed the Families First Coronavirus Response Act (H.R. 6201) providing support to American workers, families, and businesses, including the expansion of paid sick leave and family medical leave.
- The legislation guarantees free coronavirus testing, establishes paid leave, enhances Unemployment Insurance, expands food security initiatives, and increases federal Medicaid funding.
- In this uncertain time, NAR is re-activating the Right Tools, Right Now program to make a sweeping selection of resources available for free or at reduced cost. Offerings on finance, technology, skills building toolkits and more are available to REALTORS® to help their business.
- The National Association of REALTORS® announced a new hotline that members can call if they have questions about the association's response to the COVID-19 pandemic.
- Members also can call the hotline for the latest information on what programs and services are being developed to help them in their business during this time.
- The hotline number is 800-874-6500.
- NAR Coronavirus Advocacy FAQs
- NAR TEXT Number - Text COVID19 to number 30644 to receive the latest information on NAR's advocacy efforts on COVID-19.
- Applying for Pandemic Unemployment Assistance (PUA) can prove to be a challenging puzzle. In this video, two labor and employment attorneys and two REALTORS® share their expertise and offer advice on the unemployment application process.
- As the dialogue is shifting to how to re-open the economy across multiple jurisdictions, please check out the listed resources and checklist for helpful guidance as we all start navigating this next phase.
- Buy Prince George's is a movement started in response to the COVID-19 pandemic supporting our residents by keeping them home, and supporting our businesses by connecting them with County residents shopping for goods and services. County businesses selling goods or services can be listed and involved.
- Emerge Stronger helps county businesses with training sessions, counseling and other technical assistance to better navigate new business and economic realities and ensure their long-term development.
- The Legacy Fund for Prince George's Small Business Development application period closed August 28.
- The Prince George's County COVID-19 Business Recovery Initiative (Relief Fund) application period closed May 29.
Prince George's County Clerk of the Circuit Court - Land Records Department (STILL OPERATIONAL)
- The Prince George's County Circuit Court and the Prince George's County District Court remain closed to the public with limited exceptions due to the COVID-19 pandemic. However, staff are reporting to work as usual to ensure the continuation of real property record transfers in the county.
- The Land Records Office is not taking any walk-ins.
- Prince George's County is still processing 100% of documents submitted through Simplifile.
- You can also submit documents through the mail with the exception of deeds and deeds of trust.
- Simplifile is an e-recording management platform that both the Prince George's County Circuit Court and the Treasury Division utilize.
- REALTORS® should check with their title company to make sure that they are setup to E-record.
- The information provided is intended to give real estate agents and brokers a brief description of some of the programs and assistance available to them during the COVID-19 pandemic.
- These programs provide varying support from forgivable loans to assist companies meeting payroll, to low interest loans helping companies stay open, to unemployment benefits and family and medical leave assistance.
- Many of the programs allow self-employed / independent contractors to participate. Others provide alternative assistance to self-employed. And others apply only to small businesses with actual W-2 employees. Please read the "Key Considerations" before reviewing the program charts.
- Maryland REALTORS® COVID-19 Related Delay Addendum - the Maryland REALTORS® legal team created a contract addendum to address real estate transaction delays related to COVID-19.
To view this form, you may need to log in here first, then scroll down to the Contract Addenda listing, COVID-19 Related Delay Addendum.
- Maryland REALTORS® COVID-19 Addendum to the Exclusive Right to Sell Residential Brokerage Agreement or Exclusive Right to Lease Residential Brokerage Agreement - the new Covid-19 Addendum to the Exclusive Right to Sell Residential Brokerage Agreement or Exclusive Right to Lease Residential Brokerage Agreement was created to enable broker and seller / owner to modify the showing instructions initially agreed to in the listing agreement to address concerns raised by potential exposure to COVID-19.
To view this form, you may need to log in here first, then scroll down to the Brokerage Forms & Addenda listing near the bottom of page.
- Maryland REALTORS® Best Practices for Compliance with Governor Hogan's Safer-at-Home Order
- Maryland REALTORS® COVID-19 Real Estate FAQs - Updated April 14 - the Maryland REALTORS® answered additional FAQs on real estate services during the COVID-19 health emergency, and combined it with their FAQs on Governor Hogan's expanded orders to combat COVID-19 spread, in effect since 8 pm March 30.
- Trying to figure out which COVID-19 Assistance Program is right for you? Check out Maryland REALTORS® new COVID-19 Assistance Programs Flowchart, linked to federal and state resources to help you find the information you need.
- To take advantage of this alternative to Maryland REALTORS® valuable member benefit, simply fill in the form and click SUBMIT. A Staff Attorney will respond by phone or in writing within two (2) business days.
- Please be brief but specific. Some questions will be easier to answer in this format, so be aware that if we need additional information to address your issue, Maryland REALTORS® may contact you or suggest you call the Hotline during its regular hours of operation.
- PLEASE NOTE: The submission of a question through use of the form is recorded as a Legal Hotline call. Salespersons may call the Hotline 4 times per year; Brokers or Managers may place unlimited calls.
- NEW! COVID-19 Emergency Relief Loan Fund - As of July 20, the MSBDFA Fund provides emergency financial relief to businesses that have experienced economic hardship due to the COVID-19 pandemic crisis with low interest rates and low documentation loans to eligible Maryland businesses. Five-year term loans ranging from $25,000 to $200,000 will be available with an interest rate of 0% for the first 12 months and 2% for the remaining term of the loan. Program details, guidelines, & application form >
- Maryland Small Business COVID-19 Emergency Relief Loan Fund - a $75 million loan fund, created for for-profit businesses only, offers no interest or principal payments due for the first 12 months, then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum. This program closed to new applications on April 6. Additional funds were allocated July 20. Prior applications are being reviewed in the order received.
- Maryland Small Business COVID-19 Emergency Relief Grant Fund - a $50 million grant program for businesses and non-profits offers grant amounts up to $10,000, not to exceed 3 months of demonstrated cash operating expenses for the first quarter of 2020. This program closed to new applications on April 6. Additional funds were allocated July 20. Prior applications are being reviewed in the order received.
- The Maryland Business Relief Wizard is a tool that helps connect businesses with the resources and programming for which they're eligible, streamlining the process of finding support.
- REALTORS® in Maryland who are self-employed or independent contractors can apply for Pandemic Unemployment Assistance Benefits.
- The new Beacon One-Stop application allows all Marylanders to file all types of claims entirely online! This includes those who are eligible for regular benefits, CARES Act benefits, and individuals who were previously required to file by phone.
- Per an Executive Order from Governor Larry Hogan, effective March 5, he has ordered that if your real estate license expires during the state of emergency, the license renewal period will be extended until 30 days after the state of emergency is rescinded.
- You are encouraged to continue taking your continuing education courses, renewing your licenses online, and performing all other activities that are required for your license to the extent that you are able.
The PPP is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The PPP, initiated by the CARES Act administered by the SBA was available until August 8, 2020 to independent contractors, nonprofits, small businesses and the self-employed. Amendments continue to make PPP loans more helpful to small businesses by increasing flexibility and the forgiveness qualification process.
The changes include:
- Extending the length of time businesses can use the loans from 8 to 24 weeks, or until the end of the year (whichever is earlier). (Note: businesses that have used it in 8 will not be penalized.);
- Changing the percentage of loan required to go toward payroll costs from 75% to 60%;
- Making PPP recipient businesses eligible for the delayed payment of employer payroll taxes in the CARES Act; and
- Extending deadline to December 31, 2020, to rehire workers in order for their salaries to count towards forgiveness;
- Creating an exception to the rehire requirement for employees that were let go due to COVID-19 if a business can show that they are unable to return to normal operations due to compliance with federal government rules or guidelines based on maintaining sanitation, social distancing, or worker / customer safety requirements related to COVID-19.
- On May 15, the Small Business Administration and Treasury Department released the application that borrowers must complete in order to have their Paycheck Protection Program loan forgiven. The form includes detailed information about the costs that are eligible for forgiveness and how to calculate those costs.
- On June 16, the Small Business Administration and Treasury Department released the PPP EZ Loan Forgiveness Application for borrowers meeting certain qualifications such as not having employees or not reducing employee wages by more than 25% during covered time.
- To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you must complete the application and submit it to your lender (or the lender that is servicing your loan). Borrowers may also complete this application electronically through their lender.
The deadline to apply for an Economic Injury Disaster Loan (EIDL) was extended beyond September 30, 2020.
- Economic Injury Disaster Loan (EIDL) - a low-interest SBA loan providing economic relief to independent contractors, non-profit organizations, small businesses and the self-employed that are currently experiencing a temporary loss of revenue.
- EIDL Frequently Asked Questions - updated September 24
- SBA Loan Deferments - during the coronavirus crisis, the SBA is providing deferments for up to six months. Two ways that you can apply for these deferments are available by clicking here.
- SBA Coping with COVID-19 - Financial Tools & Resources to Help Small Business
- The deadline to file and pay federal income taxes is extended to July 15, 2020.
- In addition, they have also adjusted the timelines for 1031-like-kind exchanges and Opportunity Zone investments.
- Peter Franchot, Maryland Comptroller, has announced an extension of Business Tax Filing. Click above or here for the deadlines.
Maryland Moratorium on Utility Shut-Offs Ending November 15
Starting October 1, utility companies will be allowed to start sending out shut-off notices to Maryland residents. The state moratorium on utility shut-offs, which started mid-March, will still prohibit companies from shutting off water, gas, and electric services for residents through November 15, 2020.
The following companies have stated they will work with customers on a case-by-case basis to establish payment arrangements and identity energy assistance options. More information is available at the following links:
- WSSC Water announced March 19 it will suspend all water service shutoffs for those facing financial difficulties until further notice. WSSC Water will also waive late fees and work one on one with customers impacted by the outbreak.
Information about the virus is changing rapidly. For additional information on COVID-19, please review the Centers for Disease Control and Prevention website and NAR's guidance for REALTORS®.
Should you have any questions or concerns, please feel free to contact Dwayne Mingo, Director of Government Affairs for the association at 301-306-7900 or email@example.com.
Thank you for your attention to this matter and we strongly encourage you to share this information with your colleagues and / or network, and continue to be safe and take this health epidemic seriously.
Some other helpful links
Prince George's County Health Department Coronavirus Hotline
Maryland Department of Health
Centers for Disease Control Prevention (CDC)
Maryland Health Connection Emergency Special Enrollment Period
Maryland Department of Aging
- Prince George's County Public Schools Meal Distribution locations
- Capital Area Food Bank (CAFB) - is an invaluable partner and resource in Prince George's County. If you or somebody you know is in need of food resources at this time, please visit the Capital Area Food Bank website to find a food pantry or distribution site nearby.
- Prince George's County Food Equity Council - is maintaining a COVID-19 Food Assistance Resource Guide for residents. This guide can be used to find food for seniors, families with children and residents experiencing food insecurity.