The deadline to submit a grant application is Friday, May 14.
WASHINGTON — Millions of Americans have fallen behind on their bills because of the pandemic. A program seeks to ensure that you have the funds you need to stay in your homes if you are behind on your mortgage, but the deadline for apply is Friday, May 14, 2021.
The road to recovery from the coronavirus pandemic includes a financial rebound for millions of Americans. the Home Saver Program is offered by the DC Housing Finance Agency.
Christopher Donald, executive director/CEO of the DC Housing Finance Agency, said $4 million was on the table to help families in need.
“You must be a resident of the District of Columbia. If they own a home here and it’s their primary residence, and they’re behind on their mortgage, unemployed, or underemployed, they can get up to 16 months of assistance, up to $60,000,” Donald said.
RELATED: DC launches program to help pandemic-affected residents with rent/utility delays. Apply here
There is also money for people who have returned to work, but need a boost to get out of the red. There is another component of the program called the restore program. If you have been unemployed but are back on your feet, you will also be able to pay and get help this way.
Homeowners who have experienced financial difficulties and need a lump sum payment to catch up on their arrears, but who have sufficient resources to continue making their regular payments in the future.
Restoration assistance can cover all property-related payments necessary to remedy a defect and prevent foreclosure, including but not limited to mortgage payments, property taxes, hazard insurance, late fees, condominium fees, homeowners association fees and legal fees.
“Assistance covers overdue condo fees and HOA fees, and so we really wanted to be comprehensive and our ability and opportunity to help as many residents as possible,” Donald added.
The money comes in the form of a grant. There is no income requirement to apply. If the money is granted to you, you do not have to pay it back. Smallholders have also suffered many financial blows throughout the pandemic, there is relief for them too.
“If you are a small landlord and you have residents living in your house who cannot pay their rent, they should come to this platform because there is help there, there are limits of income,” Donald said.
RELATED: ‘People are still struggling’ | DC-area housing advocates fight to keep renters in their homes
RELATED: Want to help? Donate now to support families in our region
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