CORONAVIRUS | FROM PAGE 13 Reading: 296 cases, 1,076.99 per 100,000. Lynnfield: 93 cases, 798.35 per 100,000. Statewide totals: 102,762 cases, 1,475.03 per 100,000. (Data compiled by DPH and THE MALDEN ADVOCATE–Friday, June 26, 2020 ed that the rate specifying the Page 17 made public as of June 24, 2020 count and rate [per 100,000] of confirmed COVID-10 cases in Massachusetts by city/ town, January 1, 2020–June 24, 2020.) On its website, the DPH notMetro North Housing Corp. Washington Street SRO 115 Washington Street Malden, MA 02148 PROFESSIONALLY MANAGED BY: New England Communities, Inc. 280 Salem Street, Box C, Malden MA 02148 carolecollins@creativehousingcollaborative.com 781-397-0223 SUBSIDIZED HOUSING OPPORTUNITY Two openings for affordable single room occupancy units in 14-unit house in Malden. Each tenant has a single, private room with a bed and dresser. Shared kitchen, dining room, bathrooms, washer/dryer, office, and yard. House manager on site part time. Professional cleaning. One accessible unit. Eligibility: 1-person households only. Your income must be at or below $41,000. Preference for people who are homeless or at-risk of homelessness. Rent will be 30% of your income as determined by Housing Choice Voucher Program (“Section 8”) or Mass Rental Voucher Program guidelines. To get an application: Call Email Pick up Tuesday 781-397-0223 OR carolecollins@creativehousingcollaborative.com OR Bread of Life, 54 Eastern Avenue, Malden at these times: 12:00-5:00 PM Wednesday 12:00-3:30 PM Thursday Friday 12:00-5:00 PM 12:00-1:30 PM Applications must be postmarked or received by July 10, 2020 by mail to: New England Communities, Salem Towers-Box C, 280 Salem Street, Malden, MA 02148 OR by email to: carolecollins@creativehousingcollaborative.com. Everyone who applies by the application date will be added to a waitlist in random order and screened for next steps in application process. Call or email for reasonable accommodation or questions. ~ Home of the Week ~ SAUGUS - 1st AD Wonderful 10 rm., 3-4 bdrm., 3 bath Split Entry boasting bright and sunny living rm. w/gas (propane) fireplace, updated kit. w/granite counter tops and island w/seating and additional storage, formal dining rm. w/bow window flows into beautiful, 1st fl. family rm. w/palladium windows, cath. ceiling, skylights and ceramic tile flooring, 3 bdrms. w/hrdwd. flooring, master ste. offers private bath, main bathroom offers convenient laundry. finished lower level features family rm. w/gas (propane) fireplace, kitchenette, 4th bdrm., full bath and convenient separate entrance. Lrg. utility/ storage rm. w/additional laundry hook up, cent. air (main level), 2 zone heating, 1 car gar. under, newer exterior granite stairs, walkway and railings (3 yrs. ago). Spac., level yd. in a great neighborhood, loc. on desirable cul-de-sac. Offered at $649,900 335 Central Street, Saugus, MA 01906 (781) 233-7300 View the interior of this home right on your smartphone. View all our listings at: CarpenitoRealEstate.com T he SBA, working with the Department of the Treasury, announced the release of new Form 3508EZ for certain Paycheck Protection Program (PPP) borrowers in order to apply for forgiveness of the PPP loan. This Form is much simpler than the initial forgiveness loan application. This will not only streamline the process for the PPP borrowers, but also for the lenders that served as the intermediary between the SBA and the borrower. The lender is the one that has to actually approve the forgiveness loan application. In order to be eligible to complete Form 3508EZ, borrowers must meet the following criteria: 1. The borrower is self-employed and has no employees; or 2. Did not reduce the salaries or wages of their employees by more than 25% and did not reduce the number of hours of their employees; or 3. Experienced reductions in business activity as a result of health directives related to COVID-19 and did not reduce the salaries or wages of their employees by more than 25%. On page one of the inJoseph D. Cataldo is an Estate Planning/Elder Law Attorney, Certifi ed Public Accountant, Certifi ed Financial Planner, AICPA Personal Financial Specialist and holds a Master’s Degree in Taxation. number of cases per 100,000 “provides a standardized way to compare the burden of disease in cities and towns regardless of the size of their population.” The DPH stressed “these are reported cases only.” Maldonian named to Dean’s List at Iowa State University A MES, Iowa – Ananya Kaushik of Malden was named to the Dean’s List at Iowa State University for the spring semester of the 2019-2020 academic year. Students named to the Dean’s List must have earned a grade point average of at least 3.50 on a 4.00 scale while carrying a minimum of 9 credit hours of graded course work. PAYCHECK PROTECTION PROGRAM EZ FORGIVENESS FORM structions to Form 3508EZ you will fi nd a checklist with 3 checkboxes. If you can check off at least one of those 3 checkboxes, you will be able to complete Form 3508EZ, which is only a twopage form. On page two of Form 3508EZ, the borrower must check off certain representations and certifi cations. The fi rst page of the application has the forgiveness amount calculation: 1. Line 1: list the gross payroll for the covered period 2. Line 2: list business mortgage payments made during the covered period 3. Line 3: list business rent paid during the covered period 4. Line 4: list business utility payments made during the covered period 5. Line 5: add the amounts on lines 1 through 4 6. Line 6: insert the amount of the PPP loan 7. Line 7: divide line 1 by 60 percent (this is the payroll paid out requirement) 8. Line 8: the forgiveness amount. The lesser of lines 5,6 or 7 The covered period is either the 8 - week period following the date your loan was funded, if you so elect, or the new 24- week period following the date your loan was funded. Many businesses will need to take advantage of the new 24- week period in order to meet the 60% of gross payroll test. This new form was welcomed relief to borrowers and lenders of the PPP.
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