SELF Grant Program: President’s Message
Marc Drapeau uses his weekly update to discuss New Hampshire’s new Self-Employed Livelihood Fund (SELF) Grant Program.
On Monday, Governor Chris Sununu released details and application for the SELF program, which utilizes expenditure of CARES Act Coronavirus Relief Funds (“flex funds”) to provide emergency financial relief of up to $50,000 to support New Hampshire self-employed, for-profit businesses due to the economic disruption caused by COVID-19.
For purposes of the SELF program, a “self-employed” business is one that does not have any employees, and an independent contractor is considered a “self-employed” business. Real estate licensees who act as independent contractors, and who meet all other criteria, are eligible. All eligible self-employed must:
- Have its principal place of business in New Hampshire;
- Have been in operation for at least one year before July 17, 2020;
- Anticipate a loss of gross receipts from 2019 to 2020 due to COVID-19;
- Have total 2019 gross receipts of less than $1 million;
- Not be in bankruptcy currently;
- Not have permanently ceased operations.
Further instructions will be provided for each step. If you have any questions that are not addressed in instructions or the New Hampshire SELF Program Frequently Asked Questions, or need assistance, please contact the DRA Call Center at (603) 230-5000, Option 0, from 8 a.m. to 4:30 p.m. Monday through Friday.
For more information on issues pertaining to the impacts of coronavirus on the real estate industry, we encourage members to visit our dedicated webpage for the latest news and resources.