CSA's News You Can Use: HUD Mortgage Emergency Loan Program Re-Opened!
Tuesday, August 30, 2011(Metropolitan Washington Council, AFL-CIO)
The
U.S. Department
of Housing and Urban Development has reopened the application intake for the
Emergency Homeowners’ Loan Program (EHLP), a program that provides mortgage
payment assistance to eligible homeowners experiencing a drop in income of at
least 15 percent, directly resulting from involuntary unemployment or
underemployment due to the economy and/or a medical condition. The mortgage
assistance covers past-due mortgage payments, as well as a portion of the
homeowner’s mortgage payment for up to 24 months (up to $50,000). The program
is offered in 27 states and Puerto Rico. The deadline to apply is September 15,
2011. Since EHLP funds are provided to qualified homeowners on a first-come,
first-served basis, it is critical that homeowners provide all required
documents in a timely manner or risk losing the opportunity to apply for
assistance under the program. For more information, click here or call the
toll-free
hotline, 855-FIND-EHLP (346-3345).
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Kathleen McKirchy