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Mortgage and Rent Relief Program Opening Tomorrow for NC Businesses

(The Triangle Trend) — The Mortgage, Utility and Rent Relief (MURR) Program is granting funds to businesses that have not been able to open because of the coronavirus pandemic. Applications for this assistance will be accepted on a first-come, first-served basis and will be opening up tomorrow, October 2. While there are no guarantees made, businesses that are approved will receive the maximum eligible funds. Funds will be paid until they are exhausted with the total funding of the MURR Program currently set at $40 million. 

To help businesses, the North Carolina Department of Commerce is also offering free webinars with instructions on how businesses can qualify and apply for the MURR Program. Their next webinar is scheduled for Friday, October 2, and will be made available online afterwards.

To qualify for these relief funds, organizations must meet the criteria and eligibility requirements, noted below. The full details on the MURR Program, the application, and the upcoming webinar can also be found with the NC Department of Commerce.

Criteria and Eligibility Requirements 

Businesses must be operating for profit. Nonprofits are not eligible for assistance from the MURR program. Each location for which relief is sought must have between 1-49 employees. The business location must have been closed between April and July 2020 due to COVID-19. No relief will be paid for expenses that have been paid with other federal CARES Act funds (such as PPP). 

MURR Program assistance is based on an eligible North Carolina business having made four months of rent or mortgage interest and utility payments during the April through August 2020 time period. Businesses will be required to show evidence of the payments. 

The relief amount cannot exceed $20,000 per business location, with a limit of up to two business locations per applicant (i.e., for a maximum of $40,000 per business). 

Documents Needed 

Applying businesses should gather these documents ahead of filling out the application: 

  • Federal tax return showing NAICS code assignment 
  • Lease or mortgage agreement for the location(s) for which relief is sought
  • Evidence of payment of rent or mortgage interest during the time period of April 1, 2020 through August 31, 2020 for the location(s) for which relief is sought 
  • Evidence of payment of utility costs (i.e., electricity, natural gas, water, sewer, telephone and internet service) for the same time frame. 
  • Contact information for the person applying for the grant
  • Employer Identification Number (EIN) 
  • NC Secretary of State ID Number (SOS ID – look up your ID here if needed)
  • Number of employees at each location for which relief is requested. 

Eligible Businesses 

  • Amusement Arcades 
  • Amusement Parks 
  • Banquet Halls With Catering Staff 
  • Bingo Parlors 
  • Bowling Centers 
  • Dance Halls 
  • Drinking Places (this does not include micro/craft brewery tap rooms or restaurants with bars)
  • Indoor Fitness and Recreational Sports Centers 
  • Motion Picture Theaters 
  • Museums

Questions and/or comments should be directed to the MURR team at murr@nccommerce.com.

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