WASHINGTON — Congressman David Scott and Georgia Department of Community Affairs Commissioner Christopher Nunn announced Wednesday the launch of the Georgia Homeowner Assistance Fund, a $354 million stimulus fund to help homeowners affected by the pandemic in the event of payment defaults, defaults, seizures and late payments. utilities.
Administered by Georgia’s DCA, the Georgia Homeowner Assistance Fund is funded by Scott’s Bill HR 1710, legislation included in the American Rescue Plan Act enacted last year that offered a $10 billion lifeline in federal funding to states to launch robust homeowner assistance programs as an essential part of the nation’s COVID-19 relief response.
“For millions of people across the country and thousands right here in Metro Atlanta who are struggling to make ends meet and stay afloat on their mortgage payments due to COVID-19, help is here” , Scott said. “Over the past few months, I have worked closely with Commissioner Nunn and community partners to connect Georgian homeowners in crisis with their share of the $10 billion homeownership relief fund I secured. in the Biden administration’s US bailout. With the launch today of the Georgian Department of Community Affairs’ new homeowner assistance portal, through our collaboration with the federal state, working and middle class homeowners in Georgia who have had a stroke of bad luck the last year due to COVID-19 will be able to stay in the communities they love.
The DCA commissioner echoed Scott’s sentiments.
“We are delighted to announce this fund. As the state’s housing agency, DCA is responsible for a myriad of affordable housing programs statewide, including the Housing Choice Voucher Program, the development of affordable housing in help with tax credits and the Georgia Dream program which has helped 7,050 first-time home buyers achieve their dream of home ownership,” Nunn said. “Modeled on federal guidelines and similarly aligned with a program administered by DCA after the Great Recession, this program will target what our data suggests, approximately 2.8% of Georgians or more than 35,000 households who are behind. more than 90 days on their mortgage payments,” he added.