Millions of Americans need a financial bounce back to recover from the coronavirus pandemic so the D.C. Housing Finance Agency is offering The Homesaver Program.
D.C. Housing Finance Agency is helping with funds worth $4 Million to help families in need said their Executive Director/CEO, Christopher Donald.
The company urges people who have fallen back on their mortgage, to take benefit of the program and apply before, May 14, 2021.
The Qualifying Condition being
- One needs to be a resident of the District of Columbia.
- They need to own a home in the District of Columbia and it should be their primary residence.
- They’re behind on their mortgage, due to either being unemployed or underemployed. Donald said candidates can get up to 16 months of assistance, up to $60,000.
Even when some people have returned to work, they need some support to get out of the arrears, they can take assistance from a program called the Restore Program.
Restore Assistance helps cleanse a default and prevent foreclosure, also taking care of things like mortgage payments, property taxes, hazard insurance, late fees, condo fees, homeowner’s association fees, and legal fees.
But delinquent condo fees and HOA fees are not covered in the assistance added Donald.
When you apply the money comes in the form of a grant which need not be paid back, neither do you need any income requirement.
Small landlords also have relief if they have residents who are living in their home, and who can’t make their rental payments, they should seek assistance from that platform said, Donald.
Reference Source: wusa9
https://www.compareclosing.com/mortgagenews/free-relief-for-dc-resident-hit-by-pandemic/
