DCA: Georgia implements new mortgage relief program

Yesterday, Georgia Department of Community Affairs Commissioner Christopher Nunn and Congressman David Scott (GA-13) announced the launch of the Georgia Homeowner Assistance Fund, a $354 million stimulus fund designed to help owners for defaults, defaults, foreclosures and old utility debts.

The US Treasury Department recently approved its $9.9 billion national allocation to states and territories through the American Rescue Plan Act. States have received funds and guidelines on how the funds should be distributed. Applicants must provide a driver’s license, mortgage statement, and tax returns and/or income verification documents.

“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. Over the past few months, I have worked closely with Commissioner Christopher Nunn and community partners to connect Georgian homeowners in crisis with their share of the $9.9 billion homeownership relief fund that I got into the Biden administration’s US bailout. With the launch of the Georgia Department of Community Affairs’ new Homeowner Assistance Portal, through our federal-state collaboration, working and middle class homeowners in Georgia who have had a bad luck l last year due to COVID-19 will be able to stay in the communities they love,” Congressman Scott said.

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.

Owners can visit www.georgiamortgageassistance.ga.gov to apply. For more information, contact DCA at haf[email protected] or 1 877 519 4443. For more information, see the Nunn Commission announcement video below.

About the Department of Community Affairs

Georgia’s Ministry of Community Affairs (DCA) partners with communities to build strong and vibrant neighborhoods, commercial and industrial areas through community and economic development, local government assistance, and safe and affordable housing. Using state and federal resources, DCA helps communities stimulate private job creation, implement planning, develop downtowns, generate affordable housing solutions, and promote volunteerism. DCA also helps qualified low-to-moderate income Georgians buy homes, rental units, and prevent foreclosures and homelessness. For more information, visit www.dca.ga.gov.